Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Liberty Broadband Corporation shares valued at $304,950 were sold by Wendling Brian J on Feb 02. At $95.00 per share, Wendling Brian J sold 3,210 shares. The insider’s holdings dropped to 11,368 shares worth approximately $1.02 million following the completion of this transaction.
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Also, Green Richard R sold 3,270 shares, netting a total of over 296,880 in proceeds. Following the sale of shares at $90.79 each, the insider now holds 8,814 shares.
Before that, MALONE JOHN C had sold 10 shares from its account. In a trade valued at $259, the Director traded Liberty Broadband Corporation shares for $25.87 each. Upon closing the transaction, the insider’s holdings decreased to 10 shares, worth approximately $0.0.
Analyzing LBRDK Stock Performance
On Wednesday, Liberty Broadband Corporation [NASDAQ: LBRDK] rose 1.47% to $89.87. The stock’s lowest price that day was $88.00, but it reached a high of $90.47 in the same session. During the last five days, there has been a drop of approximately -3.08%. Over the course of the year, Liberty Broadband Corporation shares have jumped approximately 17.83%. Shares of the company reached a 52-week high of $96.88 on 02/02/23 and a 52-week low of $76.08 on 01/03/23. A 50-day SMA is recorded $85.85, while a 200-day SMA reached $97.61. Nevertheless, trading volume fell to 0.83 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 88.42, which, if violated, would cause prices to drop to 86.98. In the upper region, resistance lies at 90.89. The next price resistance is at 91.92. RSI (Relative Strength Index) is 48.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.49, which suggests the price will decrease in the coming days. Percent R is at 78.94%, indicating bearish 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 Jan 30, 2023 dropping by -0.36 million shares to 4.81 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 5.17 million shares. A decline of -7.48% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.53 of the overall float, the days-to-cover ratio (short ratio) decline to 5.53.
Which companies own the most shares of Liberty Broadband Corporation (LBRDK)?
According to The Vanguard Group, Inc. filings, the company currently owns 10,788,762 shares, which is about 8.48% of the total LBRDK shares outstanding. The investor’s shares have plunged by -251,788 from its previous 13-F filing of 11040550.0 shares. With the completion of the sale transaction, Eagle Capital Management LLC’s stake is now worth $702,467,988. Aristeia Capital LLC acquire a 8.87% interest valued at $588.09 million while Harris Associates LP purchased a 3,179,255 stake. A total of -113,161 shares of Liberty Broadband Corporation were bought by Massachusetts Financial Services during the quarter, and -1,319,028 were sold by BlackRock Fund Advisors. In its current portfolio, JPMorgan Investment Management, I holds 3,349,450 shares valued at $300.71 million.
In terms of Liberty Broadband Corporation share price expectations, FactSet research, analysts set an average price target of $144.00 in the next 12 months, up nearly 69.36% from the previous closing price of $88.57. Analysts anticipate Liberty Broadband Corporation stock to reach $160.00 by 2023, with the lowest price target being $126.00. In spite of this, 7 analysts ranked Liberty Broadband Corporation stock as a Buy at the end of 2023.