Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Liberty Broadband Corp shares valued at $779,732 were sold by WARGO J DAVID on Apr 08 ’24. At $51.98 per share, WARGO J DAVID sold 15,000 shares. The insider’s holdings dropped to 72,332 shares worth approximately $3.49 million following the completion of this transaction.
Also, WARGO J DAVID sold 10,000 shares, netting a total of over 514,289 in proceeds. Following the sale of shares at $51.43 each, the insider now holds 87,332 shares.
Before that, WARGO J DAVID had sold 9,000 shares from its account. In a trade valued at $511,204, the Director traded Liberty Broadband Corp shares for $56.80 each. Upon closing the transaction, the insider’s holdings decreased to 9,000 shares, worth approximately $4.69 million.
Analyzing LBRDK Stock Performance
During the last five days, there has been a drop of approximately -2.61%. Over the course of the year, Liberty Broadband Corp shares have dropped approximately -40.18%. Shares of the company reached a 52-week high of $81.83 on 01/02/24 and a 52-week low of $47.87 on 04/16/24. A 50-day SMA is recorded $56.86, while a 200-day SMA reached $78.04. Nevertheless, trading volume fell to 0.96 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for Liberty Broadband Corp (LBRDK)
According to the 24-hour chart, there is a support level at 47.74, which, if violated, would cause prices to drop to 47.27. In the upper region, resistance lies at 49.10. The next price resistance is at 49.99. RSI (Relative Strength Index) is 24.91 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.31, which suggests the price will decrease in the coming days. Percent R is at 96.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
