Liberty Media Corp.’s recently made public that its 10% Owner BERKSHIRE HATHAWAY INC acquired Company’s shares for reported $0.1 million on Mar 28 ’24. In the deal valued at $29.50 per share,3,408 shares were bought. As a result of this transaction, BERKSHIRE HATHAWAY INC now holds 65,486,288 shares worth roughly $1.79 billion.
Then, BERKSHIRE HATHAWAY INC bought 158 shares, generating $4,661 in total proceeds. Upon buying the shares at $29.50, the 10% Owner now owns 32,755,624 shares.
Before that, BERKSHIRE HATHAWAY INC bought 217,664 shares. Liberty Media Corp. shares valued at $6,366,215 were divested by the 10% Owner at a price of $29.25 per share. As a result of the transaction, BERKSHIRE HATHAWAY INC now holds 65,482,880 shares, worth roughly $1.79 billion.
Seaport Research Partners downgraded its Liberty Media Corp. [LSXMA] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in late August from “a Neutral” to “a Buy”. Seaport Research Partners began covering LSXMA with “Neutral” recommendation on April 24, 2023. Morgan Stanley revised its rating on December 09, 2021. It rated LSXMA as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of LSXMA
On Friday, Liberty Media Corp. [NASDAQ:LSXMA] saw its stock fall -0.07% to $27.31. Over the last five days, the stock has lost -8.05%. Liberty Media Corp. shares have fallen nearly -4.98% since the year began. Nevertheless, the stocks have risen 34.83% over the past one year. A total of 1.04 million shares were traded, compared to the trading of 1.66 million shares in the previous session.
Levels Of Support And Resistance For LSXMA Stock
The 24-hour chart illustrates a support level at 27.02, which if violated will result in even more drops to 26.73. On the upside, there is a resistance level at 27.51. A further resistance level may holdings at 27.71. The Relative Strength Index (RSI) on the 14-day chart is 30.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.01%. Stochastics %K at 6.61% 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 Mar 15, 2024, dropping by -0.41 million shares to a total of 2.81 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.22 million shares. There was a decline of -14.59%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.80% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.74.
