Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Liberty Energy Inc shares valued at $96,925 were sold by Wright Christopher A on Dec 11 ’24. At $19.14 per share, Wright Christopher A sold 5,064 shares. The insider’s holdings dropped to 2,538,813 shares worth approximately $46.38 million following the completion of this transaction.
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Also, Wright Christopher A sold 2,936 shares, netting a total of over 56,254 in proceeds. Following the sale of shares at $19.16 each, the insider now holds 2,543,877 shares.
Before that, Wright Christopher A had sold 16,000 shares from its account. In a trade valued at $296,800, the Chairman of the Board and CEO traded Liberty Energy Inc shares for $18.55 each. Upon closing the transaction, the insider’s holdings decreased to 16,000 shares, worth approximately $46.53 million.
Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid October. As of July 19, 2024, TD Cowen has reiterated its “Hold” rating for LBRT. Earlier on May 29, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for LBRT stock which previously was a “a Neutral”.
Analyzing LBRT Stock Performance
During the last five days, there has been a drop of approximately -4.69%. Over the course of the year, Liberty Energy Inc shares have jumped approximately 0.72%. 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 $18.19, while a 200-day SMA reached $20.55. Nevertheless, trading volume fell to 2.46 million shares from 2.65 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 17.96, which, if violated, would cause prices to drop to 17.64. In the upper region, resistance lies at 18.73. The next price resistance is at 19.19. RSI (Relative Strength Index) is 49.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 51.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
