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 Energy Inc shares valued at $92,250 were sold by Stock Michael on Nov 06 ’24. At $18.45 per share, Stock Michael sold 5,000 shares. The insider’s holdings dropped to 720,207 shares worth approximately $13.22 million following the completion of this transaction.
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Also, Wright Christopher A sold 25,963 shares, netting a total of over 489,403 in proceeds. Following the sale of shares at $18.85 each, the insider now holds 2,580,850 shares.
Before that, Wright Christopher A had sold 12,000 shares from its account. In a trade valued at $209,280, the Chairman of the Board and CEO traded Liberty Energy Inc shares for $17.44 each. Upon closing the transaction, the insider’s holdings decreased to 12,000 shares, worth approximately $47.84 million.
As published in a research note from Citigroup on October 18, 2024, Liberty Energy Inc [LBRT] has been rated down from a Buy to a Neutral and the price target has been revised to $19 from $25. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in mid July. As of May 29, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for LBRT. Earlier on April 19, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for LBRT stock.
Analyzing LBRT Stock Performance
During the last five days, there has been a surge of approximately 5.82%. Over the course of the year, Liberty Energy Inc shares have jumped approximately 1.16%. Shares of the company reached a 52-week high of $24.75 on 06/03/24 and a 52-week low of $16.57 on 11/01/24. A 50-day SMA is recorded $18.82, while a 200-day SMA reached $20.76. Nevertheless, trading volume fell to 2.33 million shares from 2.34 million shares the previous day.
Support And Resistance Levels for Liberty Energy Inc (LBRT)
According to the 24-hour chart, there is a support level at 17.87, which, if violated, would cause prices to drop to 17.39. In the upper region, resistance lies at 18.69. The next price resistance is at 19.04. RSI (Relative Strength Index) is 53.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 31.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
