In a filing, Liberty Energy Inc revealed its Chief Financial Officer Stock Michael unloaded Company’s shares for reported $0.42 million on Jan 02 ’25. In the deal valued at $20.82 per share,20,000 shares were sold. As a result of this transaction, Stock Michael now holds 680,207 shares worth roughly $14.21 million.
Then, Wright Christopher A sold 20,000 shares, generating $416,000 in total proceeds. Upon selling the shares at $20.80, the Chairman of the Board and CEO now owns 2,498,813 shares.
Before that, Wright Christopher A sold 20,000 shares. Liberty Energy Inc shares valued at $416,000 were divested by the Chairman of the Board and CEO at a price of $20.80 per share. As a result of the transaction, Wright Christopher A now holds 2,518,813 shares, worth roughly $52.62 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 Friday, Liberty Energy Inc [NYSE:LBRT] saw its stock jump 0.87% to $20.89. Over the last five days, the stock has gained 11.41%. Liberty Energy Inc shares have risen nearly 5.03% since the year began. Nevertheless, the stocks have risen 12.80% over the past one year. While a 52-week high of $24.75 was reached on 01/02/25, a 52-week low of $16.57 was recorded on 01/02/25. SMA at 50 days reached $18.23, while 200 days put it at $20.48.
Levels Of Support And Resistance For LBRT Stock
The 24-hour chart illustrates a support level at 20.50, which if violated will result in even more drops to 20.12. On the upside, there is a resistance level at 21.15. A further resistance level may holdings at 21.41. The Relative Strength Index (RSI) on the 14-day chart is 71.19, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.71%. Stochastics %K at 85.81% indicates the stock is a selling.
How much short interest is there in Liberty Energy Inc?
A steep rise in short interest was recorded in Liberty Energy Inc stocks on 2024-12-13, growing by 0.2 million shares to a total of 17.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 16.89 million shares. There was a rise of 1.14%, which implies that there is a positive 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.
