Traders Sell Liberty Broadband Corp. (LBRDK) on Strength (LBRDK)
Investors sold shares of Liberty Broadband Corp. (NASDAQ:LBRDK) on strength during trading on Thursday. $21.00 million flowed into the stock on the tick-up and $160.33 million flowed out of the stock on the tick-down, for a money net flow of $139.33 million out of the stock. Of all equities tracked, Liberty Broadband Corp. had the 0th highest net out-flow for the day. Liberty Broadband Corp. traded up $0.22 for the day and closed at $68.53
The stock has a 50-day moving average of $65.31 and a 200 day moving average of $58.98. The firm’s market capitalization is $7.38 billion.
In other Liberty Broadband Corp. news, Director John C. Malone sold 29,273 shares of the business’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 completion of the transaction, the director now owns 4,145,781 shares in the company, valued at approximately $285,105,359.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Malone sold 93,522 shares of the business’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 owns 4,145,781 shares of the company’s stock, valued at approximately $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. boosted its stake in Liberty Broadband Corp. (NASDAQ:LBRDK) by 0.8% during the fourth quarter, according to its most recent disclosure with the 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 quarter.
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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