Liberty Media Corp.’s recent filing unveils that its 10% Owner BERKSHIRE HATHAWAY INC unloaded Company’s shares for reported $0.41 million on Jun 14 ’24. In the deal valued at $33.12 per share,12,419 shares were sold. As a result of this transaction, BERKSHIRE HATHAWAY INC now holds 4,986,588 shares worth roughly $358.24 million.
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Then, BERKSHIRE HATHAWAY INC sold 52,911 shares, generating $1,802,170 in total proceeds. Upon selling the shares at $34.06, the 10% Owner now owns 4,999,007 shares.
Before that, Wendling Brian J sold 145 shares. Liberty Media Corp. shares valued at $10,180 were divested by the CAO/PFO at a price of $70.20 per share. As a result of the transaction, Wendling Brian J now holds 6,898 shares, worth roughly $0.5 million.
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 Friday, Liberty Media Corp. [NASDAQ:FWONK] saw its stock fall -0.92% to $71.84. Over the last five days, the stock has lost -0.08%. Liberty Media Corp. shares have risen nearly 13.80% since the year began. Nevertheless, the stocks have fallen -0.71% over the past one year. SMA at 50 days reached $71.40, while 200 days put it at $67.51. A total of 5.28 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 71.14, which if violated will result in even more drops to 70.45. On the upside, there is a resistance level at 72.97. A further resistance level may holdings at 74.11. The Relative Strength Index (RSI) on the 14-day chart is 48.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.24%. Stochastics%K at 48.83% 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.
