Investing in Sirius XM Holdings Inc. (SIRI) Is Getting More Attractive

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In a filing, Sirius XM Holdings Inc. revealed its EVP, General Counsel & Sec. DONNELLY PATRICK L unloaded Company’s shares for reported $2.76 million on Aug 04. In the deal valued at $6.75 per share,408,274 shares were sold. As a result of this transaction, DONNELLY PATRICK L now holds 791,342 shares worth roughly $ 4.97 million.

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Then, BARRY THOMAS D sold 40,793 shares, generating $265,562 in total proceeds. Upon selling the shares at $6.51, the Senior VP & Controller now owns 1,111,973 shares.

Before that, Greenstein Scott Andrew sold 1,081,370 shares. Sirius XM Holdings Inc. shares valued at $7,120,149 were divested by the Pres. & Chief Content Officer at a price of $6.58 per share. As a result of the transaction, Greenstein Scott Andrew now holds 7,198,469 shares, worth roughly $45.21 million.

Pivotal Research Group downgraded its Sirius XM Holdings Inc. [SIRI] rating to a Hold from a a Buy in a research note published on Monday, August 01, 2022; the price target was decreased to $7.10 from $7.55. PT values the company’s stock at a premium of 11.55 to its Monday closing price. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering SIRI and has decreased its forecast on April 18, 2022 with a “an Underweight” recommendation from previously “an Equal-weight” rating. JP Morgan revised its rating on January 14, 2022. It rated SIRI as “an Underweight” which previously was an “a Neutral”.

Price Performance Review of SIRI

On Monday, Sirius XM Holdings Inc. [NASDAQ:SIRI] saw its stock jump 1.95% to $6.28. On the same session, the stock had its day’s lowest price of $6.18, but rose to a high of $6.28. Over the last five days, the stock has gained 3.97%. Sirius XM Holdings Inc. shares have risen nearly 2.64% since the year began. Nevertheless, the stocks have risen 1.68% over the past one year. While a 52-week high of $6.85 was reached on 02/08/22, a 52-week low of $5.69 was recorded on 06/16/22. SMA at 50 days reached $6.05, while 200 days put it at $6.24. A total of 16.15 million shares were traded, compared to the trading of 23.58 million shares in the previous session.

Levels Of Support And Resistance For SIRI Stock

The 24-hour chart illustrates a support level at 6.21, which if violated will result in even more drops to 6.15. On the upside, there is a resistance level at 6.31. A further resistance level may holdings at 6.35. The Relative Strength Index (RSI) on the 14-day chart is 59.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.11%. Stochastics %K at 44.73% indicates the stock is a holding.

How much short interest is there in Sirius XM Holdings Inc.?

A steep rise in short interest was recorded in Sirius XM Holdings Inc. stocks on Jul 14, 2022, dropping by -3.16 million shares to a total of 194.23 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 197.39 million shares. There was a decline of -1.63%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 27.54% of the overall stock float, the days-to-cover ratio (short ratio) fell to 11.45.

Sirius XM Holdings Inc. [SIRI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 69,029,816 shares, or roughly 1.77% of the outstanding SIRI shares. In other words, the investor’s shares have risen by 14,236,684 from its previous 13-F filing of 54793132.0. Additionally, BlackRock Fund Advisors decreased -10.61% of its stake after which the total value it holdings stand at $186,454,100, while SSgA Funds Management, Inc. reduced -9.05% of its stake to hold $146.36 million in the firm. Over the last quarter, Geode Capital Management LLC sold -360,509 shares of Sirius XM Holdings Inc., while Northern Trust Investments, Inc. sold -135,916 shares. At present, BlackRock Investment Management is holding 12,492,428 shares valued at $71.33 million. Goldman Sachs & Co. LLC owned 10,036,577 shares of the company at the time of its most recent 13F filing, worth $57.31 million.

According to FactSet, Sirius XM Holdings Inc.’s share price will average $6.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 12.01 percent from its previous closing price of $6.16. Analysts expect Sirius XM Holdings Inc. stock to reach the higher price of $8.00, while the lowest price estimate is $5.25. However, 17 analysts have rated SIRI stock as a Hold in their predictions for 2022.


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