Liberty Energy Inc’s recently made public that its Chairman of the Board and CEO Wright Christopher A unloaded Company’s shares for reported $0.45 million on Apr 04 ’24. In the deal valued at $22.66 per share,20,000 shares were sold. As a result of this transaction, Wright Christopher A now holds 2,858,814 shares worth roughly $64.9 million.
Then, Wright Christopher A sold 20,000 shares, generating $449,800 in total proceeds. Upon selling the shares at $22.49, the Chairman of the Board and CEO now owns 2,878,814 shares.
Before that, Stock Michael sold 20,000 shares. Liberty Energy Inc shares valued at $417,320 were divested by the Chief Financial Officer at a price of $20.87 per share. As a result of the transaction, Stock Michael now holds 806,056 shares, worth roughly $18.3 million.
Morgan Stanley downgraded its Liberty Energy Inc [LBRT] rating to an Equal-weight from a an Overweight in a research note published on April 18, 2023; the price target was decreased to $17 from $20. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. Wells Fargo also remained covering LBRT and has increased its forecast on October 26, 2022 with a “an Overweight” recommendation from previously “an Equal weight” rating. RBC Capital Mkts revised its rating on July 27, 2022. It rated LBRT as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of LBRT
On Friday, Liberty Energy Inc [NYSE:LBRT] saw its stock jump 0.35% to $22.70. Over the last five days, the stock has gained 9.56%. Liberty Energy Inc shares have risen nearly 25.14% since the year began. Nevertheless, the stocks have risen 70.68% over the past one year. While a 52-week high of $23.09 was reached on 04/05/24, a 52-week low of $11.62 was recorded on 01/17/24. SMA at 50 days reached $20.70, while 200 days put it at $18.28. A total of 3.04 million shares were traded, compared to the trading of 3.26 million shares in the previous session.
Levels Of Support And Resistance For LBRT Stock
The 24-hour chart illustrates a support level at 22.42, which if violated will result in even more drops to 22.13. On the upside, there is a resistance level at 23.11. A further resistance level may holdings at 23.51. The Relative Strength Index (RSI) on the 14-day chart is 68.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.46%. Stochastics %K at 88.46% indicates the stock is a selling.
How much short interest is there in Liberty Energy Inc?
A steep rise in short interest was recorded in Liberty Energy Inc stocks on Mar 15, 2024, growing by 2.7 million shares to a total of 16.75 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 14.05 million shares. There was a rise of 16.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 14.48% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.8.
