In a filing, Liberty Energy Inc revealed its Chairman of the Board and CEO Wright Christopher A unloaded Company’s shares for reported $0.41 million on Oct 03 ’24. In the deal valued at $20.34 per share,20,000 shares were sold. As a result of this transaction, Wright Christopher A now holds 2,618,813 shares worth roughly $45.91 million.
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Then, Wright Christopher A sold 20,000 shares, generating $395,400 in total proceeds. Upon selling the shares at $19.77, the Chairman of the Board and CEO now owns 2,638,813 shares.
Before that, Stock Michael sold 15,000 shares. Liberty Energy Inc shares valued at $288,450 were divested by the Chief Financial Officer at a price of $19.23 per share. As a result of the transaction, Stock Michael now holds 730,207 shares, worth roughly $12.8 million.
Citigroup downgraded its Liberty Energy Inc [LBRT] rating to a Neutral from a a Buy in a research note published on October 18, 2024; the price target was decreased to $19 from $25. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid July has reiterated a ‘”a Hold”‘ rating for it. Citigroup also remained covering LBRT and has increased its forecast on May 29, 2024 with a “Buy” recommendation from previously “Neutral” rating. TD Cowen maintained its rating on April 19, 2024. It rated LBRT as “a Hold”.
Price Performance Review of LBRT
On Monday, Liberty Energy Inc [NYSE:LBRT] saw its stock fall -0.96% to $17.53. Over the last five days, the stock has lost -14.11%. Liberty Energy Inc shares have fallen nearly -3.36% since the year began. Nevertheless, the stocks have fallen -16.24% over the past one year. While a 52-week high of $24.75 was reached on 06/03/24, a 52-week low of $16.69 was recorded on 01/17/24. SMA at 50 days reached $19.97, while 200 days put it at $20.87.
Levels Of Support And Resistance For LBRT Stock
The 24-hour chart illustrates a support level at 16.28, which if violated will result in even more drops to 15.04. On the upside, there is a resistance level at 19.61. A further resistance level may holdings at 21.70. The Relative Strength Index (RSI) on the 14-day chart is 31.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.41%. Stochastics %K at 9.48% 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 2024-09-30, growing by 0.8 million shares to a total of 17.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 17.07 million shares. There was a rise of 4.49%, which implies that there is a positive sentiment for the stock.
