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Recent Insider Activity Suggests Potential Gains for Liberty Energy Inc (LBRT)

CHWY Stock

Liberty Energy Inc’s filing revealed that its Chairman of the Board and CEO Wright Christopher A unloaded Company’s shares for reported $0.43 million on May 03 ’24. In the deal valued at $21.64 per share,20,000 shares were sold. As a result of this transaction, Wright Christopher A now holds 2,818,814 shares worth roughly $63.28 million.

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Then, Wright Christopher A sold 20,000 shares, generating $427,800 in total proceeds. Upon selling the shares at $21.39, the Chairman of the Board and CEO now owns 2,838,814 shares.

Before that, Stock Michael sold 20,000 shares. Liberty Energy Inc shares valued at $436,596 were divested by the Chief Financial Officer at a price of $21.83 per share. As a result of the transaction, Stock Michael now holds 825,209 shares, worth roughly $18.53 million.

TD Cowen reiterated its Liberty Energy Inc [LBRT] rating to a Hold in a research note published on April 19, 2024; the price target was $21. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid April from “an Overweight” to “an Equal-weight”. Citigroup also remained covering LBRT and has decreased its forecast on January 17, 2023 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo revised its rating on October 26, 2022. It rated LBRT as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of LBRT

On Friday, Liberty Energy Inc [NYSE:LBRT] saw its stock fall -0.31% to $22.45. Over the last five days, the stock has gained 3.74%. Liberty Energy Inc shares have risen nearly 23.76% since the year began. Nevertheless, the stocks have risen 84.62% over the past one year. While a 52-week high of $23.31 was reached on 04/18/24, a 52-week low of $11.62 was recorded on 01/17/24. SMA at 50 days reached $21.67, while 200 days put it at $19.26. A total of 2.01 million shares were traded, compared to the trading of 1.63 million shares in the previous session.

Levels Of Support And Resistance For LBRT Stock

The 24-hour chart illustrates a support level at 22.07, which if violated will result in even more drops to 21.68. On the upside, there is a resistance level at 22.79. A further resistance level may holdings at 23.12. The Relative Strength Index (RSI) on the 14-day chart is 54.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.33%. Stochastics %K at 58.30% indicates the stock is a holding.

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