Liberty Media Corp.’s recently made public that its 10% Owner BERKSHIRE HATHAWAY INC unloaded Company’s shares for reported $1.8 million on Jun 13 ’24. In the deal valued at $34.06 per share,52,911 shares were sold. As a result of this transaction, BERKSHIRE HATHAWAY INC now holds 4,999,007 shares worth roughly $116.18 million.
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Then, BERKSHIRE HATHAWAY INC sold 12,419 shares, generating $411,276 in total proceeds. Upon selling the shares at $33.12, the 10% Owner now owns 4,986,588 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 $0.16 million.
Evercore ISI downgraded its Liberty Media Corp. [LSXMA] rating to an In-line from a an Outperform in a research note published on June 24, 2024; the price target was decreased to $27 from $36. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in late April from “a Neutral” to “a Buy”. Citigroup also remained covering LSXMA and has decreased its forecast on April 24, 2024 with a “Neutral” recommendation from previously “Buy” rating. Seaport Research Partners revised its rating on March 22, 2024. It rated LSXMA as “a Neutral” which previously was an “a Buy”.
Price Performance Review of LSXMA
On Friday, Liberty Media Corp. [NASDAQ:LSXMA] saw its stock jump 0.48% to $23.24. Over the last five days, the stock has gained 5.54%. Liberty Media Corp. shares have fallen nearly -19.14% since the year began. Nevertheless, the stocks have fallen -0.39% over the past one year. While a 52-week high of $31.69 was reached on 01/26/24, a 52-week low of $20.13 was recorded on 06/13/24. SMA at 50 days reached $22.18, while 200 days put it at $26.03.
Levels Of Support And Resistance For LSXMA Stock
The 24-hour chart illustrates a support level at 23.05, which if violated will result in even more drops to 22.85. On the upside, there is a resistance level at 23.52. A further resistance level may holdings at 23.80. The Relative Strength Index (RSI) on the 14-day chart is 60.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.58%. Stochastics%K at 75.58% indicates the stock is a holding.
How much short interest is there in Liberty Media Corp.?
A steep rise in short interest was recorded in Liberty Media Corp. stocks on 2024-06-14, growing by 1.09 million shares to a total of 3.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-05-15 was 2.85 million shares. There was a rise of 27.66%, which implies that there is a positive sentiment for the stock.
