Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sirius XM Holdings Inc shares valued at $4,578,482 were sold by Greenstein Scott Andrew on Aug 08 ’24. At $3.16 per share, Greenstein Scott Andrew sold 1,447,238 shares. The insider’s holdings dropped to 989,331 shares worth approximately $3.23 million following the completion of this transaction.
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Also, Salen Kristina sold 12,518 shares, netting a total of over 32,547 in proceeds. Following the sale of shares at $2.60 each, the insider now holds 169,309 shares.
Before that, Salen Kristina had sold 12,518 shares from its account. In a trade valued at $32,797, the Director traded Sirius XM Holdings Inc shares for $2.62 each. Upon closing the transaction, the insider’s holdings decreased to 12,518 shares, worth approximately $0.59 million.
As published in a research note from Citigroup on July 25, 2024, Sirius XM Holdings Inc [SIRI] has been rated down from a Neutral to a Sell and the price target has been revised to $2.80. Analysts at Evercore ISI upgraded the stock from ‘”an Underperform”‘ to ‘”an In-line”‘ outlook in a report released in late June. As of May 01, 2024, Goldman has increased its “Sell” rating to a “Neutral” for SIRI. Earlier on April 29, 2024, Seaport Research Partners upgraded its rating. Their new recommendation was “a Buy” for SIRI stock which previously was a “a Neutral”.
Analyzing SIRI Stock Performance
During the last five days, there has been a surge of approximately 3.82%. Over the course of the year, Sirius XM Holdings Inc shares have dropped approximately -40.40%. Shares of the company reached a 52-week high of $5.68 on 01/02/24 and a 52-week low of $2.45 on 06/13/24. A 50-day SMA is recorded $3.27, while a 200-day SMA reached $3.95. Nevertheless, trading volume fell to 12.98 million shares from 19.08 million shares the previous day.
Support And Resistance Levels for Sirius XM Holdings Inc (SIRI)
According to the 24-hour chart, there is a support level at 3.21, which, if violated, would cause prices to drop to 3.16. In the upper region, resistance lies at 3.31. The next price resistance is at 3.36. RSI (Relative Strength Index) is 52.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 52.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
