Liberty Media Corp.’s filing revealed that its 10% Owner BERKSHIRE HATHAWAY INC acquired Company’s shares for reported $7.94 million on Apr 29 ’24. In the deal valued at $25.47 per share,311,637 shares were bought. As a result of this transaction, BERKSHIRE HATHAWAY INC now holds 70,002,897 shares worth roughly $1.75 billion.
Then, BERKSHIRE HATHAWAY INC bought 277,248 shares, generating $6,747,856 in total proceeds. Upon buying the shares at $24.34, the 10% Owner now owns 69,691,260 shares.
Before that, BERKSHIRE HATHAWAY INC bought 219,303 shares. Liberty Media Corp. shares valued at $5,364,327 were divested by the 10% Owner at a price of $24.46 per share. As a result of the transaction, BERKSHIRE HATHAWAY INC now holds 35,182,219 shares, worth roughly $881.31 million.
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 jump 1.09% to $25.05. Over the last five days, the stock has gained 3.21%. Liberty Media Corp. shares have fallen nearly -12.96% since the year began. Nevertheless, the stocks have risen 16.78% over the past one year.
Levels Of Support And Resistance For LSXMK Stock
The 24-hour chart illustrates a support level at 24.82, which if violated will result in even more drops to 24.60. On the upside, there is a resistance level at 25.28. A further resistance level may holdings at 25.52. The Relative Strength Index (RSI) on the 14-day chart is 43.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.56%. Stochastics %K at 46.17% indicates the stock is a holding.
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.
