Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Liberty Global Ltd shares valued at $573,452 were sold by Salvato Andrea on Mar 28 ’24. At $17.70 per share, Salvato Andrea sold 32,403 shares. The insider’s holdings dropped to 102,286 shares worth approximately $1.75 million following the completion of this transaction.
Also, HALL BRYAN H sold 15,000 shares, netting a total of over 280,214 in proceeds. Following the sale of shares at $18.68 each, the insider now holds 129,934 shares.
Before that, HALL BRYAN H had sold 25,000 shares from its account. In a trade valued at $455,945, the EVP, Gen Counsel & Secretary traded Liberty Global Ltd shares for $18.24 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $2.48 million.
As published in a research note from HSBC Securities on March 18, 2024, Liberty Global Ltd [LBTYA] has been rated down from a Buy to a Hold and the price target has been revised to $20 from $26. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late February. As of February 09, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for LBTYA. Earlier on January 12, 2023, Bernstein downgraded its rating. Their new recommendation was “a Mkt perform” for LBTYA stock which previously was a “an Outperform”.
Analyzing LBTYA Stock Performance
During the last five days, there has been a surge of approximately 1.30%. Over the course of the year, Liberty Global Ltd shares have dropped approximately -3.83%. Shares of the company reached a 52-week high of $20.56 on 01/29/24 and a 52-week low of $16.15 on 04/02/24. A 50-day SMA is recorded $17.78, while a 200-day SMA reached $17.45. Nevertheless, trading volume fell to 1.57 million shares from 0.94 million shares the previous day.
Support And Resistance Levels for Liberty Global Ltd (LBTYA)
According to the 24-hour chart, there is a support level at 16.82, which, if violated, would cause prices to drop to 16.55. In the upper region, resistance lies at 17.24. The next price resistance is at 17.39. RSI (Relative Strength Index) is 48.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.30, which suggests the price will decrease in the coming days. Percent R is at 27.69%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Liberty Global Ltd subject to short interest?
Stocks of Liberty Global Ltd saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.51 million shares to 2.05 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.54 million shares. A jump of 24.88% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.06 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.06.
