The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Liberty Energy Inc shares valued at $436,596 were sold by Stock Michael on May 01 ’24. At $21.83 per share, Stock Michael sold 20,000 shares. The insider’s holdings dropped to 825,209 shares worth approximately $17.35 million following the completion of this transaction.
Also, Gusek Ron sold 42,397 shares, netting a total of over 962,539 in proceeds. Following the sale of shares at $22.70 each, the insider now holds 1,170,862 shares.
Before that, Gusek Ron had sold 50,000 shares from its account. In a trade valued at $1,149,470, the President traded Liberty Energy Inc shares for $22.99 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $25.51 million.
As published in a research note from TD Cowen on April 19, 2024, Liberty Energy Inc [LBRT] has been retained to a Hold and the price target has been revised to $21. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid April. As of January 17, 2023, Citigroup has decreased its “Buy” rating to a “Neutral” for LBRT. Earlier on October 26, 2022, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for LBRT stock which previously was a “an Equal weight”.
Analyzing LBRT Stock Performance
During the last five days, there has been a drop of approximately -7.60%. Over the course of the year, Liberty Energy Inc shares have jumped approximately 15.93%. Shares of the company reached a 52-week high of $23.31 on 04/18/24 and a 52-week low of $16.69 on 01/17/24. A 50-day SMA is recorded $21.53, while a 200-day SMA reached $19.04. Nevertheless, trading volume fell to 2.67 million shares from 2.81 million shares the previous day.
Support And Resistance Levels for Liberty Energy Inc (LBRT)
According to the 24-hour chart, there is a support level at 20.60, which, if violated, would cause prices to drop to 20.16. In the upper region, resistance lies at 21.78. The next price resistance is at 22.52. RSI (Relative Strength Index) is 40.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 95.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
