Liberty Broadband Corporation (LBRDK) Moves Higher on Volume Spike for May 24
Liberty Broadband Corporation is a Provides digital cable services
|Last Price £ 86.19||Last Trade May/24 – 16:00|
|Change £ 1.77||Change Percent 2.10 %|
|Open £ 84.37||Prev Close £ 84.42|
|High £ 86.88||low £ 84.16|
|52 Week High £ 92.40||52 Week Low £ 55.05|
|Market Cap 15,670,801,111||PE Ratio 1.85|
|Volume 616,457||Exchange NGS|
24, as the stock gained 2.1% to close at £86.19. On the day, Liberty Broadband Corporation saw 613,849 shares trade hands on 7,299 trades. Considering that the stock averages only a daily volume of 371,878 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between £92.40 and £55.05 over the last 52-weeks, its 50-day SMA is now £86.75, and its 200-day SMA £77.21. Liberty Broadband Corporation has a P/B ratio of 1.85. It also has a P/E ratio of 13.8.
Liberty Broadband Corp serves in the telecommunications industry in the United States. It provides cable services to both residential and small to medium businesses through its fiber, hybrid fiber, and coaxial cable infrastructure. Headquartered in Englewood, CO, Liberty Broadband Corporation has 91,571 employees and is currently under the leadership of CEO Gregory B.
Maffei. For a complete fundamental analysis analysis of Liberty Broadband Corporation, check out Equities.com’s Stock Valuation Analysis report for LBRDK. Want to invest with the experts?
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