Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Liberty Broadband Corporation shares valued at $498,064 were sold by Wendling Brian J on May 11. At $77.59 per share, Wendling Brian J sold 6,419 shares. The insider’s holdings dropped to 12,274 shares worth approximately $0.9 million following the completion of this transaction.
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Also, Wendling Brian J sold 3,210 shares, netting a total of over 304,950 in proceeds. Following the sale of shares at $95.00 each, the insider now holds 11,368 shares.
Before that, Green Richard R had sold 3,270 shares from its account. In a trade valued at $296,880, the Director traded Liberty Broadband Corporation shares for $90.79 each. Upon closing the transaction, the insider’s holdings decreased to 3,270 shares, worth approximately $0.65 million.
Analyzing LBRDK Stock Performance
On Thursday, Liberty Broadband Corporation [NASDAQ: LBRDK] plunged -3.10% to $73.18. The stock’s lowest price that day was $72.875, but it reached a high of $75.92 in the same session. During the last five days, there has been a drop of approximately -6.73%. Over the course of the year, Liberty Broadband Corporation shares have dropped approximately -4.05%. Shares of the company reached a 52-week high of $96.88 on 02/02/23 and a 52-week low of $72.88 on 05/25/23. A 50-day SMA is recorded $78.77, while a 200-day SMA reached $85.58. Nevertheless, trading volume fell to 0.69 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 72.06, which, if violated, would cause prices to drop to 70.95. In the upper region, resistance lies at 75.11. The next price resistance is at 77.04. RSI (Relative Strength Index) is 35.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.12, which suggests the price will decrease in the coming days. Percent R is at 96.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Liberty Broadband Corporation subject to short interest?
Stocks of Liberty Broadband Corporation saw a sharp rise in short interest on Apr 27, 2023 jumping by 100000.0 shares to 3.83 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 3.73 million shares. A jump of 2.61% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.06 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.06.
Which companies own the most shares of Liberty Broadband Corporation (LBRDK)?
According to The Vanguard Group, Inc. filings, the company currently owns 10,860,233 shares, which is about 8.62% of the total LBRDK shares outstanding. The investor’s shares have appreciated by 71,471 from its previous 13-F filing of 10788762.0 shares. With the completion of the sale transaction, Eagle Capital Management LLC’s stake is now worth $612,439,105. Harris Associates LP acquire a 3.47% interest valued at $522.23 million while Aristeia Capital LLC sold a -629,466 stake. A total of -17,620 shares of Liberty Broadband Corporation were sold by BlackRock Fund Advisors during the quarter, and -379,216 were sold by Massachusetts Financial Services. In its current portfolio, UBS Securities LLC holds 4,698,784 shares valued at $398.36 million.
In terms of Liberty Broadband Corporation share price expectations, FactSet research, analysts set an average price target of $130.43 in the next 12 months, up nearly 82.73% from the previous closing price of $75.52. Analysts anticipate Liberty Broadband Corporation stock to reach $152.00 by 2023, with the lowest price target being $100.00. In spite of this, 7 analysts ranked Liberty Broadband Corporation stock as a Buy at the end of 2023.