Liberty Broadband Corp’s recently made public that its Director WARGO J DAVID unloaded Company’s shares for reported $0.78 million on Apr 08 ’24. In the deal valued at $51.98 per share,15,000 shares were sold. As a result of this transaction, WARGO J DAVID now holds 72,332 shares worth roughly $3.78 million.
Then, WARGO J DAVID sold 10,000 shares, generating $514,289 in total proceeds. Upon selling the shares at $51.43, the Director now owns 87,332 shares.
Before that, WARGO J DAVID sold 9,000 shares. Liberty Broadband Corp shares valued at $511,204 were divested by the Director at a price of $56.80 per share. As a result of the transaction, WARGO J DAVID now holds 97,332 shares, worth roughly $5.09 million.
Price Performance Review of LBRDK
On Tuesday, Liberty Broadband Corp [NASDAQ:LBRDK] saw its stock fall -0.27% to $52.27. Over the last five days, the stock has lost -3.70%. Liberty Broadband Corp shares have fallen nearly -35.14% since the year began. Nevertheless, the stocks have fallen -34.97% over the past one year. While a 52-week high of $95.68 was reached on 01/02/24, a 52-week low of $50.72 was recorded on 04/08/24. SMA at 50 days reached $60.05, while 200 days put it at $78.87. A total of 0.82 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 51.71, which if violated will result in even more drops to 51.16. On the upside, there is a resistance level at 52.95. A further resistance level may holdings at 53.64. The Relative Strength Index (RSI) on the 14-day chart is 31.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.05%. Stochastics %K at 16.08% indicates the stock is a buying.
How much short interest is there in Liberty Broadband Corp?
A steep rise in short interest was recorded in Liberty Broadband Corp stocks on Mar 15, 2024, growing by 0.52 million shares to a total of 5.92 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.4 million shares. There was a rise of 8.78%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.22% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.92.
