Liberty Energy Inc’s filing revealed that 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 $12.76 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 $46.19 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 4.85% to $17.72. Over the last five days, the stock has lost -1.94%. Liberty Energy Inc shares have fallen nearly -2.32% since the year began. Nevertheless, the stocks have fallen -6.69% 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 $18.89, while 200 days put it at $20.78.
Levels Of Support And Resistance For LBRT Stock
The 24-hour chart illustrates a support level at 17.18, which if violated will result in even more drops to 16.64. On the upside, there is a resistance level at 18.13. A further resistance level may holdings at 18.54. The Relative Strength Index (RSI) on the 14-day chart is 47.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.09%. Stochastics %K at 29.94% 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 2024-10-31, dropping by -0.93 million shares to a total of 16.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 17.87 million shares. There was a decline of -5.47%, which implies that there is a negative sentiment for the stock.
