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Liberty Media Corp. [LSXMA] stock for 7,936,272 USD was acquired by BERKSHIRE HATHAWAY INC

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Liberty Media Corp. shares valued at $7,936,272 were purchased by BERKSHIRE HATHAWAY INC on Apr 29 ’24. At $25.47 per share, BERKSHIRE HATHAWAY INC acquired 311,637 shares. The insider’s holdings grew to 70,002,897 shares worth approximately $1.72 billion following the completion of this transaction.

Also, BERKSHIRE HATHAWAY INC purchased 277,248 shares, netting a total of over 6,747,856 in proceeds. Following the buying of shares at $24.34 each, the insider now holds 69,691,260 shares.

Before that, BERKSHIRE HATHAWAY INC had added 219,303 shares to its account. In a trade valued at $5,364,327, the 10% Owner bought Liberty Media Corp. shares for $24.46 each. Upon closing the transaction, the insider’s holdings increased to 219,303 shares, worth approximately $866.54 million.

As published in a research note from Seaport Research Partners on April 29, 2024, Liberty Media Corp. [LSXMA] has been rated up from a Neutral to a Buy and the price target has been revised to $36. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late April. As of March 22, 2024, Seaport Research Partners has decreased its “Buy” rating to a “Neutral” for LSXMA. Earlier on August 21, 2023, Seaport Research Partners upgraded its rating. Their new recommendation was “a Buy” for LSXMA stock which previously was a “a Neutral”.

Analyzing LSXMA Stock Performance

During the last five days, there has been a drop of approximately -2.38%. Over the course of the year, Liberty Media Corp. shares have dropped approximately -14.30%. Nevertheless, trading volume fell to 1.53 million shares from 3.8 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 24.21, which, if violated, would cause prices to drop to 23.78. In the upper region, resistance lies at 24.98. The next price resistance is at 25.32. RSI (Relative Strength Index) is 39.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 69.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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