Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Liberty Energy Inc shares valued at $412,800 were sold by Wright Christopher A on Jul 03 ’24. At $20.64 per share, Wright Christopher A sold 20,000 shares. The insider’s holdings dropped to 2,738,813 shares worth approximately $57.84 million following the completion of this transaction.
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Also, Wright Christopher A sold 20,000 shares, netting a total of over 405,200 in proceeds. Following the sale of shares at $20.26 each, the insider now holds 2,758,813 shares.
Before that, Stock Michael had sold 15,626 shares from its account. In a trade valued at $325,279, the Chief Financial Officer traded Liberty Energy Inc shares for $20.82 each. Upon closing the transaction, the insider’s holdings decreased to 15,626 shares, worth approximately $16.68 million.
As published in a research note from Citigroup on May 29, 2024, Liberty Energy Inc [LBRT] has been rated up from a Neutral to a Buy and the price target has been revised to $32 from $24. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in mid April. As of April 18, 2023, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for LBRT. Earlier on January 17, 2023, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for LBRT stock which previously was a “a Buy”.
Analyzing LBRT Stock Performance
During the last five days, there has been a surge of approximately 4.50%. Over the course of the year, Liberty Energy Inc shares have jumped approximately 16.43%. Shares of the company reached a 52-week high of $24.75 on 06/03/24 and a 52-week low of $16.69 on 01/17/24. A 50-day SMA is recorded $22.25, while a 200-day SMA reached $20.26. Nevertheless, trading volume fell to 1.63 million shares from 2.77 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 20.33, which, if violated, would cause prices to drop to 19.77. In the upper region, resistance lies at 21.21. The next price resistance is at 21.53. RSI (Relative Strength Index) is 47.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 67.63%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
