Shares of Liberty Broadband Corporation (LBRDK) Sees Large Outflow of Money

Liberty Broadband Corporation (LBRDK): The stock had negative money flow to the tune of ($3.67 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $3.93 million, whereas, the outflow of money on downticks was $7.61 million and the ratio between the two was 0.52. The block trade had a negative net money flow of ($3.73 million). On the other hand, downticks amounted to $3.73 million of the traded value, which shows distribution in the stock by traders. Liberty Broadband Corporation (LBRDK) closed with marginal gains of 25 cents to end the day at $62.43, an increase of 0.4% over the previous days close. The stock recorded 1.56% for the week.


The stock has recorded a 20-day Moving Average of 4.5% and the 50-Day Moving Average is 5.66%. Shares have rallied 16.27% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $61.92 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $59.30 and the 200 Day Moving Average price is recorded at $54.59.

Liberty Broadband Corporation (NASDAQ:LBRDK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.22 and $61.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.50, notching a gain of 0.51% for the day. The total traded volume was 584,632 . The stock had closed at $62.18 on the previous day.

Liberty Broadband Corporation holds ownership interests in Charter Communications, Inc. (Charter ) and TruePosition, Inc. (TruePosition), as well as a minority equity interest in Time Warner Cable Inc. (Time Warner Cable). Charter is a cable operator in the United States and provides advanced video, high-speed Internet, and telephone service to residential and business customers. TruePosition is a provider of mission-critical location based solutions 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. Time Warner Cable is a cable operator in the United States offering residential and commercial video, high-speed data and voice services over its broadband cable systems.

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