In a filing, Liberty Media Corp. revealed 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 $4.3 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 $4.28 billion.
Citigroup upgraded its Liberty Media Corp. [FWONA] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early June with a ‘”an Outperform”‘ rating. Seaport Research Partners began covering FWONA with “Buy” recommendation on April 24, 2023. Morgan Stanley revised its rating on June 15, 2022. It rated FWONA as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of FWONA
On Tuesday, Liberty Media Corp. [NASDAQ:FWONA] saw its stock jump 2.00% to $62.35. Over the last five days, the stock has gained 3.85%. Liberty Media Corp. shares have risen nearly 7.54% since the year began. Nevertheless, the stocks have fallen -1.64% over the past one year.
Levels Of Support And Resistance For FWONA Stock
The 24-hour chart illustrates a support level at 61.62, which if violated will result in even more drops to 60.90. On the upside, there is a resistance level at 62.90. A further resistance level may holdings at 63.46. The Relative Strength Index (RSI) on the 14-day chart is 59.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.07%. Stochastics %K at 77.37% indicates the stock is a holding.
