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Sirius XM Holdings Inc. [SIRI] Pres. & Chief Content Officer makes an insider sale of 1,447,238 shares worth 4,578,482.

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. 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 $23.02 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 $4.23 million.

As published in a research note from Guggenheim on September 18, 2024, Sirius XM Holdings Inc. [SIRI] has been rated up from a Neutral to a Buy and the price target has been revised to $30. Analysts at Citigroup downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in late July. As of June 24, 2024, Evercore ISI has increased its “an Underperform” rating to a “an In-line” for SIRI. Earlier on May 01, 2024, Goldman upgraded its rating. Their new recommendation was “a Neutral” for SIRI stock which previously was a “a Sell”.

Analyzing SIRI Stock Performance

During the last five days, there has been a drop of approximately -17.80%. Over the course of the year, Sirius XM Holdings Inc. shares have dropped approximately -57.46%. Shares of the company reached a 52-week high of $56.80 on 01/02/24 and a 52-week low of $22.73 on 09/16/24. A 50-day SMA is recorded $31.87, while a 200-day SMA reached $38.05. Nevertheless, trading volume fell to 8.03 million shares from 10.85 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 22.95, which, if violated, would cause prices to drop to 22.63. In the upper region, resistance lies at 23.78. The next price resistance is at 24.29. RSI (Relative Strength Index) is 28.24 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.11, which suggests the price will decrease in the coming days. Percent R is at 94.79%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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