Liberty Media Corp.’s recent filing unveils that its 10% Owner BERKSHIRE HATHAWAY INC acquired Company’s shares for reported $5.76 million on Mar 25 ’24. In the deal valued at $28.82 per share,199,664 shares were bought. As a result of this transaction, BERKSHIRE HATHAWAY INC now holds 57,886,716 shares worth roughly $3.88 billion.
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Then, BERKSHIRE HATHAWAY INC bought 147,495 shares, generating $4,251,897 in total proceeds. Upon buying the shares at $28.83, the 10% Owner now owns 30,234,193 shares.
Before that, BERKSHIRE HATHAWAY INC bought 749,000 shares. Liberty Media Corp. shares valued at $21,526,784 were divested by the 10% Owner at a price of $28.74 per share. As a result of the transaction, BERKSHIRE HATHAWAY INC now holds 30,086,698 shares, worth roughly $2.02 billion.
Morgan Stanley downgraded its Liberty Media Corp. [FWONK] rating to an Equal-weight from a an Overweight in a research note published on December 18, 2023; the price target was decreased to $70 from $80. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early September from “a Peer perform” to “an Outperform”. Wolfe Research began covering FWONK with “Peer perform” recommendation on February 24, 2023. Rosenblatt started covering the stock on April 26, 2022. It rated FWONK as “a Buy”.
Price Performance Review of FWONK
On Monday, Liberty Media Corp. [NASDAQ:FWONK] saw its stock fall -0.24% to $67.08. Over the last five days, the stock has lost -0.99%. Liberty Media Corp. shares have risen nearly 6.26% since the year began. Nevertheless, the stocks have fallen -4.64% over the past one year. A total of 0.61 million shares were traded, compared to the trading of 0.69 million shares in the previous session.
Levels Of Support And Resistance For FWONK Stock
The 24-hour chart illustrates a support level at 66.75, which if violated will result in even more drops to 66.43. On the upside, there is a resistance level at 67.61. A further resistance level may holdings at 68.14. The Relative Strength Index (RSI) on the 14-day chart is 40.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.34%. Stochastics %K at 9.39% indicates the stock is a buying.
How much short interest is there in Liberty Media Corp.?
A steep rise in short interest was recorded in Liberty Media Corp. stocks on Feb 29, 2024, growing by 0.43 million shares to a total of 3.61 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.18 million shares. There was a rise of 11.91%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.80% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.17.
The most recent change occurred on July 16, 2021 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $48 price target.
