Liberty Broadband Corporation (LBRDK) may enjoy gains as insiders got busy in the recent days


Liberty Broadband Corporation’s filing revealed that its Director Green Richard R unloaded Company’s shares for reported $0.3 million on Nov 23. In the deal valued at $90.79 per share,3,270 shares were sold. As a result of this transaction, Green Richard R now holds 8,814 shares worth roughly $ 0.8 million.

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Then, MALONE JOHN C sold 10 shares, generating $259 in total proceeds. Upon selling the shares at $25.87, the Director now owns 0 shares.

Before that, WARGO J DAVID bought 100 shares. Liberty Broadband Corporation shares valued at $11,076 were divested by the Director at a price of $110.76 per share. As a result of the transaction, WARGO J DAVID now holds 1,001 shares, worth roughly $90810.72.

Price Performance Review of LBRDK

On Tuesday, Liberty Broadband Corporation [NASDAQ:LBRDK] saw its stock fall -0.96% to $90.72. On the same session, the stock had its day’s lowest price of $90.44, but rose to a high of $92.16. Over the last five days, the stock has gained 2.35%. Liberty Broadband Corporation shares have risen nearly 18.95% since the year began. Nevertheless, the stocks have fallen -35.89% over the past one year. While a 52-week high of $155.98 was reached on 01/23/23, a 52-week low of $68.67 was recorded on 01/03/23. SMA at 50 days reached $84.32, while 200 days put it at $101.12. A total of 0.54 million shares were traded, compared to the trading of 0.65 million shares in the previous session.

Levels Of Support And Resistance For LBRDK Stock

The 24-hour chart illustrates a support level at 90.05, which if violated will result in even more drops to 89.39. On the upside, there is a resistance level at 91.77. A further resistance level may holdings at 92.83. The Relative Strength Index (RSI) on the 14-day chart is 66.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.58%. Stochastics %K at 94.49% indicates the stock is a selling.

How much short interest is there in Liberty Broadband Corporation?

A steep rise in short interest was recorded in Liberty Broadband Corporation stocks on Oct 13, 2022, dropping by -0.56 million shares to a total of 4.18 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 4.74 million shares. There was a decline of -13.4%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.40% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.15.

Liberty Broadband Corporation [LBRDK] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 11,040,550 shares, or roughly 8.67% of the outstanding LBRDK shares. In other words, the investor’s shares have fallen by -561,833 from its previous 13-F filing of 11602383.0. Additionally, Eagle Capital Management LLC increased 2.32% of its stake after which the total value it holdings stand at $648,013,564, while BlackRock Fund Advisors added 1.25% of its stake to hold $529.73 million in the firm. Over the last quarter, Aristeia Capital LLC sold -824,002 shares of Liberty Broadband Corporation, while Massachusetts Financial Services sold -590,230 shares. At present, SSgA Funds Management, Inc. is holding 2,914,819 shares valued at $222.31 million. JPMorgan Investment Management, I owned 2,773,614 shares of the company at the time of its most recent 13F filing, worth $211.54 million.

According to FactSet, Liberty Broadband Corporation’s share price will average $135.63 in the next year, based on opinions of analysts polled by the firm. This is up nearly 44.1 percent from its previous closing price of $91.60. Analysts expect Liberty Broadband Corporation stock to reach the higher price of $175.00, while the lowest price estimate is $93.00. However, 8 analysts have rated LBRDK stock as a Buy in their predictions for 2023.


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