Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Liberty Energy Inc shares valued at $296,800 were sold by Wright Christopher A on Dec 05 ’24. At $18.55 per share, Wright Christopher A sold 16,000 shares. The insider’s holdings dropped to 2,546,813 shares worth approximately $46.89 million following the completion of this transaction.
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Also, Wright Christopher A sold 16,000 shares, netting a total of over 291,680 in proceeds. Following the sale of shares at $18.23 each, the insider now holds 2,562,813 shares.
Before that, Stock Michael had sold 10,000 shares from its account. In a trade valued at $184,900, the Chief Financial Officer traded Liberty Energy Inc shares for $18.49 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $12.98 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 drop of approximately -0.16%. Over the course of the year, Liberty Energy Inc shares have jumped approximately 1.49%. 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 $18.47, while a 200-day SMA reached $20.69. Nevertheless, trading volume fell to 2.21 million shares from 3.77 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 18.28, which, if violated, would cause prices to drop to 18.15. In the upper region, resistance lies at 18.65. The next price resistance is at 18.89. RSI (Relative Strength Index) is 52.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 42.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
