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 $76,110 were sold by Wendling Brian J on Nov 21 ’24. At $69.57 per share, Wendling Brian J sold 1,094 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 6,312 shares, netting a total of over 315,002 in proceeds. Following the sale of shares at $49.91 each, the insider now holds 0 shares.
Before that, Wong Andrea L had sold 1,604 shares from its account. In a trade valued at $76,052, the Director traded Liberty Media Corp shares for $47.41 each. Upon closing the transaction, the insider’s holdings decreased to 1,604 shares, worth approximately $0.48 million.
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 4.59%. Over the course of the year, Liberty Media Corp shares have jumped approximately 45.08%. Shares of the company reached a 52-week high of $93.56 on 12/04/24 and a 52-week low of $61.44 on 01/11/24. A 50-day SMA is recorded $81.09, while a 200-day SMA reached $74.97. Nevertheless, trading volume fell to 2.09 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 88.69, which, if violated, would cause prices to drop to 85.78. In the upper region, resistance lies at 94.03. The next price resistance is at 96.46. RSI (Relative Strength Index) is 70.71 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.79, which suggests the price will increase in the coming days. Percent R is at 14.07%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
