Liberty Broadband Corp. (LBRDK) Reaches New 1-Year High at $69.18
Liberty Broadband Corp. (NASDAQ:LBRDK) shares reached a new 52-week high on Monday . The stock traded as high as $69.18 and last traded at $69.00, with a volume of 312,374 shares traded. The stock had previously closed at $68.28.
The firm has a 50-day moving average of $65.04 and a 200-day moving average of $58.91. The stock’s market cap is $7.06 billion.
In related news, Director John C. Malone sold 29,273 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $68.77, for a total value of $2,013,104.21. Following the completion of the transaction, the director now directly owns 4,145,781 shares in the company, valued at approximately $285,105,359.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John C. Malone sold 93,522 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $68.35, for a total transaction of $6,392,228.70. Following the completion of the transaction, the director now owns 4,145,781 shares of the company’s stock, valued at $283,364,131.35. The disclosure for this sale can be found here.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.