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 Media Corp. shares valued at $8,432,839 were sold by MALONE JOHN C on May 14 ’24. At $69.70 per share, MALONE JOHN C sold 120,984 shares. The insider’s holdings dropped to 2,280,381 shares worth approximately $51.92 million following the completion of this transaction.
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Also, MALONE JOHN C sold 139,065 shares, netting a total of over 9,593,080 in proceeds. Following the sale of shares at $68.98 each, the insider now holds 2,401,365 shares.
Before that, MALONE JOHN C had sold 89,951 shares from its account. In a trade valued at $6,343,940, the Chairman of the Board traded Liberty Media Corp. shares for $70.53 each. Upon closing the transaction, the insider’s holdings decreased to 89,951 shares, worth approximately $57.85 million.
As published in a research note from Seaport Research Partners on April 29, 2024, Liberty Media Corp. [LSXMA] has been rated up from a Neutral to a Buy and the price target has been revised to $36. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late April. As of March 22, 2024, Seaport Research Partners has decreased its “Buy” rating to a “Neutral” for LSXMA. Earlier on August 21, 2023, Seaport Research Partners upgraded its rating. Their new recommendation was “a Buy” for LSXMA stock which previously was a “a Neutral”.
Analyzing LSXMA Stock Performance
During the last five days, there has been a drop of approximately -7.36%. Over the course of the year, Liberty Media Corp. shares have dropped approximately -20.77%. A 50-day SMA is recorded $26.29, while a 200-day SMA reached $26.65. Nevertheless, trading volume fell to 1.68 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Liberty Media Corp. (LSXMA)
According to the 24-hour chart, there is a support level at 22.38, which, if violated, would cause prices to drop to 21.99. In the upper region, resistance lies at 23.35. The next price resistance is at 23.94. RSI (Relative Strength Index) is 29.30 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.16, which suggests the price will decrease in the coming days. Percent R is at 93.92%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
