Liberty Media Corp.’s filing revealed that its 10% Owner BERKSHIRE HATHAWAY INC acquired Company’s shares for reported $6.75 million on Apr 26 ’24. In the deal valued at $24.34 per share,277,248 shares were bought. As a result of this transaction, BERKSHIRE HATHAWAY INC now holds 69,691,260 shares worth roughly $1.69 billion.
Then, BERKSHIRE HATHAWAY INC bought 219,303 shares, generating $5,364,327 in total proceeds. Upon buying the shares at $24.46, the 10% Owner now owns 35,182,219 shares.
Before that, BERKSHIRE HATHAWAY INC bought 227,469 shares. Liberty Media Corp. shares valued at $5,541,645 were divested by the 10% Owner at a price of $24.36 per share. As a result of the transaction, BERKSHIRE HATHAWAY INC now holds 69,414,012 shares, worth roughly $1.68 billion.
Seaport Research Partners upgraded its Liberty Media Corp. [LSXMK] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering LSXMK and has decreased its forecast on December 09, 2021 with a “an Equal-weight” recommendation from previously “an Overweight” rating.
Price Performance Review of LSXMK
On Friday, Liberty Media Corp. [NASDAQ:LSXMK] saw its stock fall -0.53% to $24.27. Over the last five days, the stock has lost -0.29%. Liberty Media Corp. shares have fallen nearly -15.67% since the year began. Nevertheless, the stocks have risen 17.74% over the past one year.
Levels Of Support And Resistance For LSXMK Stock
The 24-hour chart illustrates a support level at 24.11, which if violated will result in even more drops to 23.94. On the upside, there is a resistance level at 24.52. A further resistance level may holdings at 24.76. The Relative Strength Index (RSI) on the 14-day chart is 28.32, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.37%. Stochastics %K at 19.20% indicates the stock is a buying.
The most recent change occurred on November 12, 2018 when Pivotal Research Group resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $60.
