Liberty Broadband Corp. (LBRDK) Hits New 1-Year High at $69.18
Liberty Broadband Corp. (NASDAQ:LBRDK) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $69.18 and last traded at $69.00, with a volume of 312,374 shares. The stock had previously closed at $68.28.
The company’s 50-day moving average price is $64.65 and its 200-day moving average price is $58.36. The company’s market cap is $7.11 billion.
In other Liberty Broadband Corp. news, Director John C. Malone sold 93,522 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $68.35, for a total transaction of $6,392,228.70. Following the completion of the sale, the director now directly owns 4,145,781 shares in the company, valued at $283,364,131.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John C. Malone sold 29,273 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $68.77, for a total transaction of $2,013,104.21. Following the sale, the director now owns 4,145,781 shares of the company’s stock, valued at $285,105,359.37. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Liberty Broadband Corp. stock. Wells Fargo & Company MN boosted its position in Liberty Broadband Corp. (NASDAQ:LBRDK) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 282,347 shares of the company’s stock after buying an additional 3,101 shares during the period. Wells Fargo & Company MN owned about 0.27% of Liberty Broadband Corp. worth $14,643,000 at the end of the most recent reporting period.
Liberty Broadband Corporation holds interests in Charter Communications, Inc (Charter), TruePosition, Inc (TruePosition) and Time Warner Cable, Inc (TWC). The Company’s segments include Trueposition, Charter, and Corporate and other. The TruePosition segment includes the operations of TruePosition, a subsidiary of the Company that develops and markets technology for locating wireless phones and other wireless devices on a cellular network, enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world.
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