Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Liberty Energy Inc shares valued at $288,450 were sold by Stock Michael on Oct 01 ’24. At $19.23 per share, Stock Michael sold 15,000 shares. The insider’s holdings dropped to 730,207 shares worth approximately $14.97 million following the completion of this transaction.
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Also, Stock Michael purchased 15,000 shares, netting a total of over 288,377 in proceeds.
Before that, Stock Michael had sold 5,000 shares from its account. In a trade valued at $105,050, the Chief Financial Officer traded Liberty Energy Inc shares for $21.01 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $15.28 million.
As published in a research note from TD Cowen on July 19, 2024, Liberty Energy Inc [LBRT] has been retained to a Hold and the price target has been revised to $20. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late May. As of April 19, 2024, TD Cowen has reiterated its “Hold” rating for LBRT. Earlier on April 18, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for LBRT stock which previously was a “an Overweight”.
Analyzing LBRT Stock Performance
During the last five days, there has been a surge of approximately 9.74%. Over the course of the year, Liberty Energy Inc shares have jumped approximately 13.01%. 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 $20.47, while a 200-day SMA reached $20.80. Nevertheless, trading volume fell to 2.02 million shares from 1.19 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 19.99, which, if violated, would cause prices to drop to 19.48. In the upper region, resistance lies at 20.78. The next price resistance is at 21.06. RSI (Relative Strength Index) is 54.02 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 37.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
