Liberty Broadband Corp. (LBRDK) Sets New 52-Week High at $71.96
Liberty Broadband Corp. (NASDAQ:LBRDK) reached a new 52-week high during trading on Monday . The company traded as high as $71.96 and last traded at $71.54, with a volume of 1,332,300 shares trading hands. The stock had previously closed at $71.42.
The stock has a 50-day moving average of $65.73 and a 200 day moving average of $59.16. The company’s market cap is $7.39 billion.
In other Liberty Broadband Corp. news, Director John C. Malone sold 93,522 shares of Liberty Broadband Corp. 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 transaction, the director now directly owns 4,145,781 shares of the company’s stock, valued at $283,364,131.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Malone sold 29,273 shares of Liberty Broadband Corp. 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 transaction, the director now directly owns 4,145,781 shares in the company, 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. Ameriprise Financial Inc. raised its stake in Liberty Broadband Corp. (NASDAQ:LBRDK) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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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