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Liberty Broadband Corp (LBRDK) may enjoy gains as insiders got busy in the recent days

Liberty Broadband Corp’s filing revealed 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 $3.6 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 $4.84 million.

Price Performance Review of LBRDK

On Tuesday, Liberty Broadband Corp [NASDAQ:LBRDK] saw its stock fall -1.27% to $49.73. Over the last five days, the stock has lost -0.56%. Liberty Broadband Corp shares have fallen nearly -38.29% since the year began. Nevertheless, the stocks have fallen -41.34% over the past one year. While a 52-week high of $95.68 was reached on 01/02/24, a 52-week low of $46.46 was recorded on 04/26/24. SMA at 50 days reached $54.88, while 200 days put it at $76.59. A total of 1.23 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 48.99, which if violated will result in even more drops to 48.24. On the upside, there is a resistance level at 50.38. A further resistance level may holdings at 51.02. The Relative Strength Index (RSI) on the 14-day chart is 38.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.97%. Stochastics %K at 63.97% indicates the stock is a holding.

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