Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Liberty Media Corp. shares valued at $10,570,884 were purchased by BERKSHIRE HATHAWAY INC on Apr 12 ’24. At $25.58 per share, BERKSHIRE HATHAWAY INC acquired 413,227 shares. The insider’s holdings grew to 69,044,244 shares worth approximately $4.64 billion following the completion of this transaction.
Also, BERKSHIRE HATHAWAY INC purchased 317,017 shares, netting a total of over 8,138,334 in proceeds. Following the buying of shares at $25.67 each, the insider now holds 34,682,219 shares.
Before that, BERKSHIRE HATHAWAY INC had added 208,000 shares to its account. In a trade valued at $5,435,726, the 10% Owner bought Liberty Media Corp. shares for $26.13 each. Upon closing the transaction, the insider’s holdings increased to 208,000 shares, worth approximately $4.61 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 -2.21%. Over the course of the year, Liberty Media Corp. shares have jumped approximately 6.46%. Nevertheless, trading volume fell to 0.6 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 66.79, which, if violated, would cause prices to drop to 66.36. In the upper region, resistance lies at 67.82. The next price resistance is at 68.42. RSI (Relative Strength Index) is 46.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 43.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
