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Liberty Media Corp. [FWONK] Shares Fall -1.05 % on Wednesday

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 $1,802,170 were sold by BERKSHIRE HATHAWAY INC on Jun 13 ’24. At $34.06 per share, BERKSHIRE HATHAWAY INC sold 52,911 shares. The insider’s holdings dropped to 4,999,007 shares worth approximately $386.87 million following the completion of this transaction.

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Also, BERKSHIRE HATHAWAY INC sold 12,419 shares, netting a total of over 411,276 in proceeds. Following the sale of shares at $33.12 each, the insider now holds 4,986,588 shares.

Before that, Wendling Brian J had sold 145 shares from its account. In a trade valued at $10,180, the CAO/PFO traded Liberty Media Corp. shares for $70.20 each. Upon closing the transaction, the insider’s holdings decreased to 145 shares, worth approximately $0.53 million.

As published in a research note from Morgan Stanley on December 18, 2023, Liberty Media Corp. [FWONK] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $70 from $80. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early September. As of February 24, 2023, Wolfe Research has initiated its “Peer perform” rating for FWONK. Earlier on April 26, 2022, Rosenblatt initiated its rating. Their recommendation was “a Buy” for FWONK stock.

Analyzing FWONK Stock Performance

During the last five days, there has been a surge of approximately 2.82%. Over the course of the year, Liberty Media Corp. shares have jumped approximately 22.59%. Shares of the company reached a 52-week high of $82.23 on 07/30/24 and a 52-week low of $61.44 on 01/11/24. A 50-day SMA is recorded $77.43, while a 200-day SMA reached $70.59. Nevertheless, trading volume fell to 0.95 million shares from 0.69 million shares the previous day.

Support And Resistance Levels for Liberty Media Corp. (FWONK)

According to the 24-hour chart, there is a support level at 76.71, which, if violated, would cause prices to drop to 76.03. In the upper region, resistance lies at 78.34. The next price resistance is at 79.29. RSI (Relative Strength Index) is 53.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.09, which suggests the price will increase in the coming days. Percent R is at 30.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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