Liberty Media Corp.’s filing revealed that its 10% Owner BERKSHIRE HATHAWAY INC acquired Company’s shares for reported $10.57 million on Apr 12 ’24. In the deal valued at $25.58 per share,413,227 shares were bought. As a result of this transaction, BERKSHIRE HATHAWAY INC now holds 69,044,244 shares worth roughly $1.76 billion.
Then, BERKSHIRE HATHAWAY INC bought 317,017 shares, generating $8,138,334 in total proceeds. Upon buying the shares at $25.67, the 10% Owner now owns 34,682,219 shares.
Before that, BERKSHIRE HATHAWAY INC bought 208,000 shares. Liberty Media Corp. shares valued at $5,435,726 were divested by the 10% Owner at a price of $26.13 per share. As a result of the transaction, BERKSHIRE HATHAWAY INC now holds 68,631,017 shares, worth roughly $1.74 billion.
Seaport Research Partners upgraded its Liberty Media Corp. [LSXMK] rating to a Buy from a a Neutral in a research note published recently. 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 LSXMK and has decreased its forecast on December 09, 2021 with a “an Equal-weight” recommendation from previously “an Overweight” rating.
Price Performance Review of LSXMK
On Friday, Liberty Media Corp. [NASDAQ:LSXMK] saw its stock fall -2.68% to $25.42. Over the last five days, the stock has lost -6.82%. Liberty Media Corp. shares have fallen nearly -11.67% since the year began. Nevertheless, the stocks have risen 12.73% over the past one year.
Levels Of Support And Resistance For LSXMK Stock
The 24-hour chart illustrates a support level at 25.17, which if violated will result in even more drops to 24.91. On the upside, there is a resistance level at 25.86. A further resistance level may holdings at 26.29. The Relative Strength Index (RSI) on the 14-day chart is 22.31, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.49%. Stochastics %K at 5.89% indicates the stock is a buying.
The most recent change occurred on November 12, 2018 when Pivotal Research Group resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $60.
