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Liberty Media Corp. (FWONK) rating downgrades by Morgan Stanley

Liberty Media Corp.’s recent filing unveils that its Director Wong Andrea L unloaded Company’s shares for reported $0.32 million on Sep 30 ’24. In the deal valued at $49.91 per share,6,312 shares were sold. As a result of this transaction, Wong Andrea L now holds 0 shares worth roughly $0.0.

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Then, Wong Andrea L sold 1,604 shares, generating $76,052 in total proceeds. Upon selling the shares at $47.41, the Director now owns 5,274 shares.

Before that, Andrea Wong bought 1,604 shares. Liberty Media Corp. shares valued at $76,052 were divested by the Director at a price of $47.41 per share.

Morgan Stanley downgraded its Liberty Media Corp. [FWONK] rating to an Equal-weight from a an Overweight in a research note published on December 18, 2023; the price target was decreased to $70 from $80. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early September from “a Peer perform” to “an Outperform”. Wolfe Research began covering FWONK with “Peer perform” recommendation on February 24, 2023. Rosenblatt started covering the stock on April 26, 2022. It rated FWONK as “a Buy”.

Price Performance Review of FWONK

On Friday, Liberty Media Corp. [NASDAQ:FWONK] saw its stock jump 2.01% to $78.82. Over the last five days, the stock has gained 2.18%. Liberty Media Corp. shares have risen nearly 24.85% since the year began. Nevertheless, the stocks have risen 14.91% over the past one year. While a 52-week high of $82.23 was reached on 07/30/24, a 52-week low of $61.23 was recorded on 01/11/24. SMA at 50 days reached $76.88, while 200 days put it at $71.74.

Levels Of Support And Resistance For FWONK Stock

The 24-hour chart illustrates a support level at 77.59, which if violated will result in even more drops to 76.35. On the upside, there is a resistance level at 79.69. A further resistance level may holdings at 80.55. The Relative Strength Index (RSI) on the 14-day chart is 57.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.04%. Stochastics %K at 67.89% indicates the stock is a holding.

How much short interest is there in Liberty Media Corp.?

A steep rise in short interest was recorded in Liberty Media Corp. stocks on 2024-09-30, dropping by -0.13 million shares to a total of 4.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.81 million shares. There was a decline of -2.88%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on July 16, 2021 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $48 price target.

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