Liberty Energy Inc’s filing revealed that its Chairman of the Board and CEO Wright Christopher A unloaded Company’s shares for reported $96925.0 on Dec 11 ’24. In the deal valued at $19.14 per share,5,064 shares were sold. As a result of this transaction, Wright Christopher A now holds 2,538,813 shares worth roughly $48.01 million.
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Then, Wright Christopher A sold 2,936 shares, generating $56,254 in total proceeds. Upon selling the shares at $19.16, the Chairman of the Board and CEO now owns 2,543,877 shares.
Before that, Wright Christopher A sold 16,000 shares. Liberty Energy Inc shares valued at $296,800 were divested by the Chairman of the Board and CEO at a price of $18.55 per share. As a result of the transaction, Wright Christopher A now holds 2,546,813 shares, worth roughly $48.16 million.
A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Neutral”. TD Cowen also remained covering LBRT and reiterated its “Hold” recommendation on July 19, 2024. Citigroup revised its rating on May 29, 2024. It rated LBRT as “a Buy” which previously was an “a Neutral”.
Price Performance Review of LBRT
On Monday, Liberty Energy Inc [NYSE:LBRT] saw its stock fall -0.32% to $18.91. Over the last five days, the stock has gained 8.55%. Liberty Energy Inc shares have risen nearly 4.24% since the year began. Nevertheless, the stocks have risen 2.27% 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 $18.31, while 200 days put it at $20.59.
Levels Of Support And Resistance For LBRT Stock
The 24-hour chart illustrates a support level at 18.66, which if violated will result in even more drops to 18.42. On the upside, there is a resistance level at 19.14. A further resistance level may holdings at 19.38. The Relative Strength Index (RSI) on the 14-day chart is 55.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.68%. Stochastics %K at 76.51% 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 2024-11-29, dropping by -2.14 million shares to a total of 14.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 16.95 million shares. There was a decline of -14.46%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 19, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $21.
