Liberty Energy Inc’s recent filing unveils that its Chief Financial Officer Stock Michael unloaded Company’s shares for reported $0.11 million on Sep 18 ’24. In the deal valued at $21.01 per share,5,000 shares were sold. As a result of this transaction, Stock Michael now holds 745,207 shares worth roughly $14.23 million.
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Then, Stock Michael bought 5,000 shares, generating $105,050 in total proceeds.
Before that, Wright Christopher A sold 20,000 shares. Liberty Energy Inc shares valued at $413,200 were divested by the Chairman of the Board and CEO at a price of $20.66 per share. As a result of the transaction, Wright Christopher A now holds 2,658,813 shares, worth roughly $50.76 million.
TD Cowen reiterated its Liberty Energy Inc [LBRT] rating to a Hold in a research note published on July 19, 2024; the price target was $20. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late May from “a Neutral” to “a Buy”. TD Cowen also remained covering LBRT and reiterated its “Hold” recommendation on April 19, 2024. Morgan Stanley revised its rating on April 18, 2023. It rated LBRT as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of LBRT
On Monday, Liberty Energy Inc [NYSE:LBRT] saw its stock jump 0.58% to $19.09. Over the last five days, the stock has lost -9.53%. Liberty Energy Inc shares have risen nearly 5.24% since the year began. Nevertheless, the stocks have risen 1.49% over the past one year. While a 52-week high of $24.75 was reached on 06/03/24, a 52-week low of $16.33 was recorded on 01/17/24. SMA at 50 days reached $20.55, while 200 days put it at $20.77.
Levels Of Support And Resistance For LBRT Stock
The 24-hour chart illustrates a support level at 18.72, which if violated will result in even more drops to 18.35. On the upside, there is a resistance level at 19.43. A further resistance level may holdings at 19.77. The Relative Strength Index (RSI) on the 14-day chart is 41.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.38%. Stochastics %K at 17.32% indicates the stock is a buying.
How much short interest is there in Liberty Energy Inc?
A steep rise in short interest was recorded in Liberty Energy Inc stocks on 2024-09-13, dropping by -0.41 million shares to a total of 19.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 20.15 million shares. There was a decline of -2.08%, which implies that there is a negative sentiment for the stock.
