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Liberty Media Corp. [LSXMA] Records 50-Day SMA of $23.02

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Liberty Media Corp. shares valued at $411,276 were sold by BERKSHIRE HATHAWAY INC on Jun 14 ’24. At $33.12 per share, BERKSHIRE HATHAWAY INC sold 12,419 shares. The insider’s holdings dropped to 4,986,588 shares worth approximately $114.09 million following the completion of this transaction.

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Also, BERKSHIRE HATHAWAY INC sold 52,911 shares, netting a total of over 1,802,170 in proceeds. Following the sale of shares at $34.06 each, the insider now holds 4,999,007 shares.

Before that, Wendling Brian J had sold 145 shares from its account. In a trade valued at $10,180, the CAO/PFO traded Liberty Media Corp. shares for $70.20 each. Upon closing the transaction, the insider’s holdings decreased to 145 shares, worth approximately $0.16 million.

As published in a research note from Evercore ISI on June 24, 2024, Liberty Media Corp. [LSXMA] has been rated down from an Outperform to an In-line and the price target has been revised to $27 from $36. Analysts at Seaport Research Partners upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late April. As of April 24, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for LSXMA. Earlier on March 22, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for LSXMA stock which previously was a “a Buy”.

Analyzing LSXMA Stock Performance

During the last five days, there has been a surge of approximately 8.03%. Over the course of the year, Liberty Media Corp. shares have dropped approximately -20.39%. A 50-day SMA is recorded $23.02, while a 200-day SMA reached $26.43. Nevertheless, trading volume fell to 1.45 million shares from 1.79 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 22.56, which, if violated, would cause prices to drop to 22.35. In the upper region, resistance lies at 22.95. The next price resistance is at 23.14. RSI (Relative Strength Index) is 57.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.87, which suggests the price will decrease in the coming days. Percent R is at 6.41%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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