Stock Track | Life Time Group Holdings Plummets 8.31% Intraday on Analyst Comments About Winding Down Cheaper Memberships

Stock Track02-26 00:46

Life Time Group Holdings, Inc. (LTH) saw its stock price plummet 8.31% during intraday trading on Wednesday.

The sharp decline followed analyst comments from Oppenheimer indicating that the company's senior leadership is considering winding down cheaper "qualified memberships" as its fitness centers operate at capacity with new locations opening faster than expected. The analysts noted that Life Time has the flexibility to gradually replace these discounted memberships with full-priced alternatives, which could lead to higher sales of in-center products and services over time.

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