Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Liberty Broadband Corporation shares valued at $259 were sold by MALONE JOHN C on Jun 14. At $25.87 per share, MALONE JOHN C sold 10 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, WARGO J DAVID purchased 100 shares, netting a total of over 11,076 in proceeds. Following the buying of shares at $110.76 each, the insider now holds 1,001 shares.
Before that, WARGO J DAVID had added 300 shares to its account. In a trade valued at $33,228, the Director bought Liberty Broadband Corporation shares for $110.76 each. Upon closing the transaction, the insider’s holdings increased to 300 shares, worth approximately $3.66 million.
Analyzing LBRDK’s Price Performance
On Thursday, Liberty Broadband Corporation [NASDAQ: LBRDK] rose 1.34% to $113.76. The stock’s lowest price that day was $111.75, but it reached a high of $115.315 in the same session. During the last five days, there has been a surge of approximately 3.72%. Over the course of the year, Liberty Broadband Corporation shares have dropped approximately -29.39%. Shares of the company reached a 52-week high of $162.28 on 01/04/22 and a 52-week low of $102.14 on 06/16/22. A 50-day SMA is recorded $117.10, while a 200-day SMA reached $139.33. Nevertheless, trading volume fell to 1.07 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for Liberty Broadband Corporation (LBRDK)
According to the 24-hour chart, there is a support level at 111.90, which, if violated, would cause prices to drop to 110.04. In the upper region, resistance lies at 115.47. The next price resistance is at 117.17. RSI (Relative Strength Index) is 45.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.92, which suggests the price will decrease in the coming days. Percent R is at 60.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Liberty Broadband Corporation subject to short interest?
Stocks of Liberty Broadband Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.72 million shares to 5.17 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.89 million shares. A decline of -13.93% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.76 of the overall float, the days-to-cover ratio (short ratio) decline to 4.76.
Which companies own the most shares of Liberty Broadband Corporation (LBRDK)?
According to The Vanguard Group, Inc. filings, the company currently owns 12,422,818 shares, which is about 9.02% of the total LBRDK shares outstanding. The investor’s shares have appreciated by 72,404 from its previous 13-F filing of 12350414.0 shares. With the completion of the sale transaction, Eagle Capital Management LLC’s stake is now worth $967,366,183. BlackRock Fund Advisors acquire a 0.61% interest valued at $807.95 million while Aristeia Capital LLC purchased a 848,476 stake. A total of -276,784 shares of Liberty Broadband Corporation were bought by Massachusetts Financial Services during the quarter, and 109,761 were bought by Principal Global Investors LLC. In its current portfolio, SSgA Funds Management, Inc. holds 3,169,331 shares valued at $366.5 million.
In terms of Liberty Broadband Corporation share price expectations, FactSet research, analysts set an average price target of $176.00 in the next 12 months, up nearly 55.0% from the previous closing price of $112.26. Analysts anticipate Liberty Broadband Corporation stock to reach $201.00 by 2022, with the lowest price target being $139.00. In spite of this, 8 analysts ranked Liberty Broadband Corporation stock as a Buy at the end of 2022.