Sirius XM Holdings Inc. [SIRI] EVP, General Counsel & Sec. makes an insider sale of 408,274 shares worth 2,755,850.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sirius XM Holdings Inc. shares valued at $2,755,850 were sold by DONNELLY PATRICK L on Aug 04. At $6.75 per share, DONNELLY PATRICK L sold 408,274 shares. The insider’s holdings dropped to 791,342 shares worth approximately $4.65 million following the completion of this transaction.


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Also, BARRY THOMAS D sold 40,793 shares, netting a total of over 265,562 in proceeds. Following the sale of shares at $6.51 each, the insider now holds 1,111,973 shares.

Before that, Greenstein Scott Andrew had sold 1,081,370 shares from its account. In a trade valued at $7,120,149, the Pres. & Chief Content Officer traded Sirius XM Holdings Inc. shares for $6.58 each. Upon closing the transaction, the insider’s holdings decreased to 1,081,370 shares, worth approximately $42.26 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 17.32% 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 -0.68% to $5.87. The stock’s lowest price that day was $5.845, but it reached a high of $5.93 in the same session. During the last five days, there has been a drop of approximately -1.18%. Over the course of the year, Sirius XM Holdings Inc. shares have dropped approximately -4.06%. 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 $6.35, while a 200-day SMA reached $6.28. Nevertheless, trading volume fell to 11.63 million shares from 13.92 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 5.83, which, if violated, would cause prices to drop to 5.80. In the upper region, resistance lies at 5.92. The next price resistance is at 5.97. RSI (Relative Strength Index) is 32.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 94.79%, indicating bearish price movement. Stochastics %K at buying 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 69,029,816 shares, which is about 1.77% of the total SIRI shares outstanding. The investor’s shares have appreciated by 14,236,684 from its previous 13-F filing of 54793132.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $198,862,604. SSgA Funds Management, Inc. reduced a -9.05% interest valued at $156.1 million while Geode Capital Management LLC sold a -360,509 stake. A total of -135,916 shares of Sirius XM Holdings Inc. were sold by Northern Trust Investments, Inc. during the quarter, and -1,800,823 were sold by BlackRock Investment Management. In its current portfolio, Goldman Sachs & Co. LLC holds 10,036,577 shares valued at $61.12 million.

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