In a filing, Liberty Energy Inc revealed its Chief Financial Officer Stock Michael unloaded Company’s shares for reported $92250.0 on Nov 06 ’24. In the deal valued at $18.45 per share,5,000 shares were sold. As a result of this transaction, Stock Michael now holds 720,207 shares worth roughly $13.01 million.
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Then, Wright Christopher A sold 25,963 shares, generating $489,403 in total proceeds. Upon selling the shares at $18.85, the Chairman of the Board and CEO now owns 2,580,850 shares.
Before that, Wright Christopher A sold 12,000 shares. Liberty Energy Inc shares valued at $209,280 were divested by the Chairman of the Board and CEO at a price of $17.44 per share. As a result of the transaction, Wright Christopher A now holds 2,606,813 shares, worth roughly $47.11 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 jump 2.21% to $18.07. Over the last five days, the stock has gained 5.73%. Liberty Energy Inc shares have fallen nearly -0.39% since the year began. Nevertheless, the stocks have fallen -3.01% over the past one year. While a 52-week high of $24.75 was reached on 06/03/24, a 52-week low of $16.57 was recorded on 11/01/24. SMA at 50 days reached $19.09, while 200 days put it at $20.86.
Levels Of Support And Resistance For LBRT Stock
The 24-hour chart illustrates a support level at 17.76, which if violated will result in even more drops to 17.45. On the upside, there is a resistance level at 18.27. A further resistance level may holdings at 18.48. The Relative Strength Index (RSI) on the 14-day chart is 48.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.12%. Stochastics %K at 46.41% indicates the stock is a holding.
How much short interest is there in Liberty Energy Inc?
A steep rise in short interest was recorded in Liberty Energy Inc stocks on 2024-10-15, dropping by -2.99 million shares to a total of 16.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 19.74 million shares. There was a decline of -17.86%, which implies that there is a negative sentiment for the stock.
