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 $25,333,010 were purchased by BERKSHIRE HATHAWAY INC on Apr 08 ’24. At $26.98 per share, BERKSHIRE HATHAWAY INC acquired 938,896 shares. The insider’s holdings grew to 67,909,913 shares worth approximately $1.77 billion following the completion of this transaction.
Also, BERKSHIRE HATHAWAY INC purchased 399,677 shares, netting a total of over 10,772,095 in proceeds. Following the buying of shares at $26.95 each, the insider now holds 33,878,329 shares.
Before that, BERKSHIRE HATHAWAY INC had added 234,729 shares to its account. In a trade valued at $6,387,258, the 10% Owner bought Liberty Media Corp. shares for $27.21 each. Upon closing the transaction, the insider’s holdings increased to 234,729 shares, worth approximately $1.74 billion.
As published in a research note from Seaport Research Partners on August 21, 2023, Liberty Media Corp. [LSXMK] has been rated up from a Neutral to a Buy and the price target has been revised to $32. Analysts at Rosenblatt started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of December 09, 2021, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for LSXMK.
Analyzing LSXMK Stock Performance
During the last five days, there has been a drop of approximately -5.31%. Over the course of the year, Liberty Media Corp. shares have dropped approximately -9.56%.
Support And Resistance Levels for Liberty Media Corp. (LSXMK)
According to the 24-hour chart, there is a support level at 25.65, which, if violated, would cause prices to drop to 25.28. In the upper region, resistance lies at 26.48. The next price resistance is at 26.94. RSI (Relative Strength Index) is 24.38 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.66, which suggests the price will decrease in the coming days. Percent R is at 92.97%, 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 steep in short interest on Mar 15, 2024 dropping by -0.44 million shares to 5.25 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 5.69 million shares. A decline of -8.38% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.23 of the overall float, the days-to-cover ratio (short ratio) decline to 2.23.
