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Liberty Global's chief development officer sells $1.17 million in shares

Published 12/03/2024, 05:32 AM
LBTY
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Salvato Andrea, the Executive Vice President and Chief Development Officer of Liberty Global Ltd. (NASDAQ:LBTYA), recently executed several transactions involving the company's stock. On November 29, Andrea sold a total of 80,700 shares, comprising both Class A and Class C common shares, resulting in a total sale value of approximately $1.17 million. The shares were sold at prices ranging from $14.201 to $14.6314. According to InvestingPro data, Liberty Global has shown strong momentum with a 94% return over the past year, despite recent volatility.

In addition to the sales, Andrea acquired shares through multiple transactions on November 27 and November 29. These acquisitions involved the exercise of share appreciation rights, resulting in a total acquisition value of approximately $3.67 million, with share prices between $8.82 and $9.27. The company maintains a healthy financial position with a current ratio of 2.31, indicating strong liquidity.

Andrea also disposed of shares to cover tax obligations, with transactions amounting to $4.72 million, at prices ranging from $13.99 to $14.62. Following these transactions, Andrea holds a significant number of shares in Liberty Global, maintaining a direct ownership interest. For deeper insights into Liberty Global's insider trading patterns and 10+ additional ProTips, visit InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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