TKO Group Holdings Inc (TKO US, +1, 16-Dec-24)
Ariel Emanuel (Chair & CEO since 2024, joined 2023) purchased US$ 48.1 million worth of stock on December 13th at $ 142.64. The shares were acquired on behalf of WME IMG and Endeavor Operating Company (where he is also CEO), who own 53.6% of the company.
This is the highest price he has paid for shares; he previously bought shares via subscriptions twice, $1 million at $79.80 in November 2023 and $146.2 million at $89.01 in April 2024. Seeing him adding in meaningful size with the stock close to its 52-week high is encouraging.
The Issuer recently announced its acquisition of Professional Bull Riders, On Location, and IMG from Endeavor. Endeavor is in the process of being taken private by Silver Lake. The company published its Q3 report on November 6th.
We are ranking stock +1 (strongly positive).
Check our Signals Performance and if you want to know more about this Signals Service, please, email us at sales_admin@smartinsider.com or fill in the Contact Us form here.
