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 $96,000 were sold by Gosney Ryan T on May 20 ’24. At $24.00 per share, Gosney Ryan T sold 4,000 shares. The insider’s holdings dropped to 166,882 shares worth approximately $3.88 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Gosney Ryan T sold 2,000 shares, netting a total of over 47,000 in proceeds. Following the sale of shares at $23.50 each, the insider now holds 170,882 shares.
Before that, Wright Christopher A had sold 20,000 shares from its account. In a trade valued at $432,800, the Chairman of the Board and CEO traded Liberty Energy Inc shares for $21.64 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $65.54 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 surge of approximately 0.69%. Over the course of the year, Liberty Energy Inc shares have jumped approximately 28.17%. Shares of the company reached a 52-week high of $24.36 on 05/20/24 and a 52-week low of $16.69 on 01/17/24. A 50-day SMA is recorded $21.97, while a 200-day SMA reached $19.54. Nevertheless, trading volume fell to 2.16 million shares from 2.17 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 22.98, which, if violated, would cause prices to drop to 22.71. In the upper region, resistance lies at 23.71. The next price resistance is at 24.16. RSI (Relative Strength Index) is 56.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.93, which suggests the price will decrease in the coming days. Percent R is at 35.92%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
