The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Sirius XM Holdings Inc. shares valued at $265,562 were sold by BARRY THOMAS D on Jul 29. At $6.51 per share, BARRY THOMAS D sold 40,793 shares. The insider’s holdings dropped to 1,111,973 shares worth approximately $7.46 million following the completion of this transaction.
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Also, Greenstein Scott Andrew sold 1,081,370 shares, netting a total of over 7,120,149 in proceeds. Following the sale of shares at $6.58 each, the insider now holds 7,198,469 shares.
Before that, HOLDEN JAMES P had sold 56,233 shares from its account. In a trade valued at $349,207, the Director traded Sirius XM Holdings Inc. shares for $6.21 each. Upon closing the transaction, the insider’s holdings decreased to 56,233 shares, worth approximately $1.97 million.
As published in a research note from Pivotal Research Group on August 01, 2022, Sirius XM Holdings Inc. [SIRI] has been rated down from a Buy to a Hold and the price target has been revised to $7.10 from $7.55. This represents a 5.49% premium over Thursday’s closing price. Analysts at Rosenblatt started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of April 18, 2022, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for SIRI. Earlier on January 14, 2022, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for SIRI stock which previously was a “a Neutral”.
Analyzing SIRI’s Price Performance
On Thursday, Sirius XM Holdings Inc. [NASDAQ: SIRI] plunged -0.15% to $6.71. The stock’s lowest price that day was $6.68, but it reached a high of $6.76 in the same session. During the last five days, there has been a surge of approximately 1.98%. Over the course of the year, Sirius XM Holdings Inc. shares have jumped approximately 9.67%. Shares of the company reached a 52-week high of $6.88 on 02/08/22 and a 52-week low of $5.69 on 06/16/22. A 50-day SMA is recorded $6.27, while a 200-day SMA reached $6.28. Nevertheless, trading volume fell to 12.0 million shares from 13.4 million shares the previous day.
Support And Resistance Levels for Sirius XM Holdings Inc. (SIRI)
According to the 24-hour chart, there is a support level at 6.67, which, if violated, would cause prices to drop to 6.64. In the upper region, resistance lies at 6.75. The next price resistance is at 6.80. RSI (Relative Strength Index) is 70.31 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.17, which suggests the price will decrease in the coming days. Percent R is at 15.22%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Sirius XM Holdings Inc. subject to short interest?
Stocks of Sirius XM Holdings Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -3.16 million shares to 194.23 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 197.39 million shares. A decline of -1.63% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 11.45 of the overall float, the days-to-cover ratio (short ratio) decline to 11.45.
Which companies own the most shares of Sirius XM Holdings Inc. (SIRI)?
According to The Vanguard Group, Inc. filings, the company currently owns 54,793,132 shares, which is about 1.39% of the total SIRI shares outstanding. The investor’s shares have plunged by -10,469,502 from its previous 13-F filing of 65262634.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $223,925,326. SSgA Funds Management, Inc. reduced a -3.82% interest valued at $172.76 million while Geode Capital Management LLC purchased a 187,438 stake. A total of -2,161,446 shares of Sirius XM Holdings Inc. were bought by BlackRock Investment Management during the quarter, and 2,413,360 were bought by Northern Trust Investments, Inc. In its current portfolio, Goldman Sachs & Co. LLC holds 11,385,249 shares valued at $69.79 million.
In terms of Sirius XM Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $7.05 in the next 12 months, up nearly 4.91% from the previous closing price of $6.72. Analysts anticipate Sirius XM Holdings Inc. stock to reach $8.20 by 2022, with the lowest price target being $5.75. In spite of this, 18 analysts ranked Sirius XM Holdings Inc. stock as a Hold at the end of 2022. On January 04, 2022, Wells Fargo assigned a price target of “an Equal weight” to the stock and downgraded coverage with a $7.