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 Energy Inc shares valued at $416,482 were sold by Stock Michael on Jan 02 ’25. At $20.82 per share, Stock Michael sold 20,000 shares. The insider’s holdings dropped to 680,207 shares worth approximately $15.42 million following the completion of this transaction.
Also, Wright Christopher A sold 20,000 shares, netting a total of over 416,000 in proceeds. Following the sale of shares at $20.80 each, the insider now holds 2,498,813 shares.
Before that, Wright Christopher A had sold 20,000 shares from its account. In a trade valued at $416,000, the Chairman of the Board and CEO traded Liberty Energy Inc shares for $20.80 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $57.1 million.
As published in a research note from Seaport Research Partners on January 06, 2025, Liberty Energy Inc [LBRT] has been rated up from a Neutral to a Buy and the price target has been revised to $27. As of October 18, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for LBRT. Earlier on July 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 surge of approximately 4.91%. Over the course of the year, Liberty Energy Inc shares have jumped approximately 13.98%. Shares of the company reached a 52-week high of $22.75 on 01/15/25 and a 52-week low of $20.29 on 01/02/25. A 50-day SMA is recorded $18.81, while a 200-day SMA reached $20.51. Nevertheless, trading volume fell to 2.68 million shares from 2.23 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 21.85, which, if violated, would cause prices to drop to 21.03. In the upper region, resistance lies at 23.12. The next price resistance is at 23.57. RSI (Relative Strength Index) is 75.93 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.13, which suggests the price will increase in the coming days. Percent R is at 1.77%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
