Liberty Media Corp.’s recent filing unveils 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 $4.93 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 $2.48 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 fall -0.13% to $70.46. Over the last five days, the stock has gained 0.90%. Liberty Media Corp. shares have risen nearly 11.61% since the year began. Nevertheless, the stocks have risen 3.38% over the past one year. A total of 2.52 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 69.88, which if violated will result in even more drops to 69.30. On the upside, there is a resistance level at 71.16. A further resistance level may holdings at 71.86. The Relative Strength Index (RSI) on the 14-day chart is 60.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.51%. Stochastics %K at 75.15% 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.
