Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Liberty Media Corp. shares valued at $140,819,444 were purchased by BERKSHIRE HATHAWAY INC on Mar 12 ’24. At $29.82 per share, BERKSHIRE HATHAWAY INC acquired 4,721,682 shares. The insider’s holdings grew to 56,610,277 shares worth approximately $3.82 billion following the completion of this transaction.
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Also, BERKSHIRE HATHAWAY INC purchased 3,177,669 shares, netting a total of over 95,200,421 in proceeds. Following the buying of shares at $29.96 each, the insider now holds 28,951,624 shares.
Before that, BERKSHIRE HATHAWAY INC had added 186,636 shares to its account. In a trade valued at $5,566,736, the 10% Owner bought Liberty Media Corp. shares for $29.83 each. Upon closing the transaction, the insider’s holdings increased to 186,636 shares, worth approximately $3.5 billion.
As published in a research note from Morgan Stanley on December 18, 2023, Liberty Media Corp. [FWONK] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $70 from $80. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early September. As of February 24, 2023, Wolfe Research has initiated its “Peer perform” rating for FWONK. Earlier on April 26, 2022, Rosenblatt initiated its rating. Their recommendation was “a Buy” for FWONK stock.
Analyzing FWONK Stock Performance
During the last five days, there has been a drop of approximately -3.67%. Over the course of the year, Liberty Media Corp. shares have jumped approximately 6.76%. Nevertheless, trading volume fell to 1.07 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for Liberty Media Corp. (FWONK)
According to the 24-hour chart, there is a support level at 66.35, which, if violated, would cause prices to drop to 65.30. In the upper region, resistance lies at 69.19. The next price resistance is at 70.98. RSI (Relative Strength Index) is 42.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.02, which suggests the price will decrease in the coming days. Percent R is at 95.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Liberty Media Corp. subject to short interest?
Stocks of Liberty Media Corp. saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.43 million shares to 3.61 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 3.18 million shares. A jump of 11.91% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.17 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.17.
