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 $ 1.69 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 $1.68 billion.
Seaport Research Partners downgraded its Liberty Media Corp. [LSXMA] rating to a Neutral from 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 jump 0.74% to $24.51. Over the last five days, the stock has lost -3.88%. Liberty Media Corp. shares have fallen nearly -14.72% since the year began. Nevertheless, the stocks have risen 15.40% over the past one year. A total of 1.91 million shares were traded, compared to the trading of 1.62 million shares in the previous session.
Levels Of Support And Resistance For LSXMA Stock
The 24-hour chart illustrates a support level at 24.26, which if violated will result in even more drops to 24.00. On the upside, there is a resistance level at 24.77. A further resistance level may holdings at 25.02. The Relative Strength Index (RSI) on the 14-day chart is 21.42, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.60%. Stochastics %K at 3.67% indicates the stock is a buying.
