The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Liberty Media Corp shares valued at $315,002 were sold by Wong Andrea L on Sep 30 ’24. At $49.91 per share, Wong Andrea L sold 6,312 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Wong Andrea L sold 1,604 shares, netting a total of over 76,052 in proceeds. Following the sale of shares at $47.41 each, the insider now holds 5,274 shares.
Before that, Andrea Wong had added 1,604 shares to its account. In a trade valued at $76,052, the Director bought Liberty Media Corp shares for $47.41 each.
As published in their initiating research note from UBS on October 17, 2024, Liberty Media Corp [FWONK] has been a Neutral and the price target has been revised to $85. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid December. As of September 05, 2023, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for FWONK. Earlier on February 24, 2023, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for FWONK stock.
Analyzing FWONK Stock Performance
During the last five days, there has been a surge of approximately 4.92%. Over the course of the year, Liberty Media Corp shares have jumped approximately 33.85%. Shares of the company reached a 52-week high of $86.65 on 11/14/24 and a 52-week low of $61.44 on 01/11/24. A 50-day SMA is recorded $78.67, while a 200-day SMA reached $73.72. Nevertheless, trading volume fell to 1.61 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for Liberty Media Corp (FWONK)
According to the 24-hour chart, there is a support level at 82.89, which, if violated, would cause prices to drop to 81.29. In the upper region, resistance lies at 86.38. The next price resistance is at 88.26. RSI (Relative Strength Index) is 63.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.19, which suggests the price will increase in the coming days. Percent R is at 29.50%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.