Liberty Interactive (LINTA) is a holding company, and through its subsidiaries, is engaged in the video and online commerce, media, communications and entertainment industries. The stock is trading up 3.3% at $18.58 in recent trading.
Today's Volume: 13.9 millionAverage Volume: 3.5 million Volume % Change: 522% Shares of LINTA are moving nicely to the upside today after the company said it plans to recapitalize into two tracking stocks. From a technical perspective, LINTA is starting to flirt with a major breakout trade today since the stock has challenged some past overhead resistance at $18.65 on monster volume. Briefly, shares of LINTA traded as high as $19.07, but it has since pulled back to its current price near $18.50. Traders should look for long biased trades in LINTA if the stock is trending above that key breakout level of $18.65 with strong upside volume. Big bets on LINTA come from Daniel Loeb's Third Point, which added 1 million shares of the stock in the fourth quarter for a total position of 3 million, and Jana Partners, which owned nearly 4 million shares as of Dec. 31. Follow @stockpickr