Liberty Broadband Corporation (NASDAQ:LBRDK) : Traders are bullish on Liberty Broadband Corporation (NASDAQ:LBRDK) as it has outperformed the S&P 500 by a wide margin of 0.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.2%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.49% in the last 1 week, and is up 1.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 15.96% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $61.70 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $59.23 and the 200 Day Moving Average price is recorded at $54.46.
The stock has recorded a 20-day Moving Average of 3.56% and the 50-Day Moving Average is 4.51%.
Liberty Broadband Corporation (NASDAQ:LBRDK): stock turned positive on Friday. Though the stock opened at $61.21, the bulls momentum made the stock top out at $61.7 level for the day. The stock recorded a low of $60.79 and closed the trading day at $61.47, in the green by 1.00%. The total traded volume for the day was 609,740. The stock had closed at $60.86 in the previous days trading.
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.