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 $2,536,732 were sold by MAFFEI GREGORY B on Dec 16 ’24. At $71.53 per share, MAFFEI GREGORY B sold 35,463 shares. The insider’s holdings dropped to 1,240,785 shares worth approximately $114.87 million following the completion of this transaction.
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Also, Gregory Maffei purchased 35,463 shares, netting a total of over 2,540,000 in proceeds.
Before that, Wendling Brian J had sold 1,094 shares from its account. In a trade valued at $76,110, the CAO/PFO traded Liberty Media Corp shares for $69.57 each. Upon closing the transaction, the insider’s holdings decreased to 1,094 shares, worth approximately $0.0.
As published in a research note from Morgan Stanley on December 18, 2024, Liberty Media Corp [FWONK] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $115 from $95. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid October. As of December 18, 2023, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for FWONK. Earlier on September 05, 2023, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for FWONK stock which previously was a “a Peer perform”.
Analyzing FWONK Stock Performance
During the last five days, there has been a drop of approximately -1.26%. Over the course of the year, Liberty Media Corp shares have jumped approximately 46.65%. Shares of the company reached a 52-week high of $96.89 on 12/18/24 and a 52-week low of $61.44 on 01/11/24. A 50-day SMA is recorded $84.46, while a 200-day SMA reached $76.13. Nevertheless, trading volume fell to 2.0 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 90.85, which, if violated, would cause prices to drop to 89.12. In the upper region, resistance lies at 95.60. The next price resistance is at 98.62. RSI (Relative Strength Index) is 59.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.01, which suggests the price will increase in the coming days. Percent R is at 47.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
