LBRDK Stock Summary and Trading Ideas (Liberty Broadband - Class C | NASDAQ:LBRDK)

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. The services provided by the company are residential services which include video services, internet services, voice services, and mobile services, commercial services which include small, and medium business and enterprise solutions, advertising services, and other services. The reportable segments of the company are GCI Holdings, Charter. The firm derives the majority of its revenue from GCI Holdings.

Liberty Broadband - Class C trades on the NASDAQ stock market under the symbol LBRDK.

As of April 25, 2024, LBRDK stock price declined to $48.58 with 310,861 million shares trading.

LBRDK has a beta of 1.17, meaning it tends to be more sensitive to market movements. LBRDK has a correlation of 0.12 to the broad based SPY ETF.

LBRDK has a market cap of $6.94 billion. This is considered a Mid Cap stock.

In the last 3 years, LBRDK stock traded as high as $194.05 and as low as $47.87.

The top ETF exchange traded funds that LBRDK belongs to (by Net Assets): VTI, VXF, VB, VO, VBK.

LBRDK has underperformed the market in the last year with a return of -35.6%, while the SPY ETF gained +23.3%. In the last 3 month period, LBRDK fell short of the market, returning -37.8%, while SPY returned +3.8%. However, in the most recent 2 weeks LBRDK has outperformed the stock market by returning -1.9%, while SPY returned -2.3%.

LBRDK support price is $48.99 and resistance is $51.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LBRDK stock will trade within this expected range on the day.