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 $1.68 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 $1.67 billion.
As published in a research note from Seaport Research Partners on March 22, 2024, Liberty Media Corp. [LSXMA] has been rated down from a Buy to a Neutral. Analysts at Seaport Research Partners upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of April 24, 2023, Seaport Research Partners has initiated its “Neutral” rating for LSXMA. Earlier on December 09, 2021, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for LSXMA stock which previously was a “an Overweight”.
Analyzing LSXMA Stock Performance
During the last five days, there has been a drop of approximately -6.75%. Over the course of the year, Liberty Media Corp. shares have dropped approximately -15.38%. Nevertheless, trading volume fell to 1.2 million shares from 1.31 million shares the previous day.
Support And Resistance Levels for Liberty Media Corp. (LSXMA)
According to the 24-hour chart, there is a support level at 24.07, which, if violated, would cause prices to drop to 23.81. In the upper region, resistance lies at 24.81. The next price resistance is at 25.30. RSI (Relative Strength Index) is 18.16 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.15, which suggests the price will decrease in the coming days. Percent R is at 99.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
