Liberty Media Corp.’s recently made public 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 $4.76 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 $4.73 billion.
Morgan Stanley downgraded its Liberty Media Corp. [FWONK] rating to an Equal-weight from a an Overweight in a research note published on December 18, 2023; the price target was decreased to $70 from $80. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early September from “a Peer perform” to “an Outperform”. Wolfe Research began covering FWONK with “Peer perform” recommendation on February 24, 2023. Rosenblatt started covering the stock on April 26, 2022. It rated FWONK as “a Buy”.
Price Performance Review of FWONK
On Monday, Liberty Media Corp. [NASDAQ:FWONK] saw its stock jump 1.13% to $68.87. Over the last five days, the stock has gained 1.43%. Liberty Media Corp. shares have risen nearly 9.09% since the year began. Nevertheless, the stocks have fallen -2.99% over the past one year. A total of 0.59 million shares were traded, compared to the trading of 0.69 million shares in the previous session.
Levels Of Support And Resistance For FWONK Stock
The 24-hour chart illustrates a support level at 68.04, which if violated will result in even more drops to 67.21. On the upside, there is a resistance level at 69.35. A further resistance level may holdings at 69.83. The Relative Strength Index (RSI) on the 14-day chart is 55.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.06%. Stochastics %K at 71.18% indicates the stock is a holding.
The most recent change occurred on July 16, 2021 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $48 price target.
