Liberty Broadband Corp. (LBRDK) Sees Strong Trading Volume
Shares of Liberty Broadband Corp. (NASDAQ:LBRDK) saw strong trading volume on Tuesday . 2,003,626 shares were traded during mid-day trading, an increase of 130% from the previous session’s volume of 872,963 shares.The stock last traded at $68.31 and had previously closed at $68.74.
The firm has a 50-day moving average price of $65.04 and a 200 day moving average price of $58.91. The stock’s market capitalization is $7.06 billion.
In other news, Director John C. Malone sold 29,273 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $68.77, for a total transaction of $2,013,104.21. Following the transaction, the director now directly owns 4,145,781 shares of the company’s stock, valued at $285,105,359.37. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Malone sold 93,522 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 4,145,781 shares in the company, valued at $283,364,131.35. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Liberty Broadband Corp. stock. Ameriprise Financial Inc. increased its position in Liberty Broadband Corp. (NASDAQ:LBRDK) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,469 shares of the company’s stock after buying an additional 250 shares during the period. Ameriprise Financial Inc.’s holdings in Liberty Broadband Corp. were worth $1,632,000 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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