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 $23.39 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 $4.3 million.
Analysts at Guggenheim upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid September. As of July 25, 2024, Citigroup has decreased its “Neutral” rating to a “Sell” for SIRI. Earlier on June 24, 2024, Evercore ISI upgraded its rating. Their new recommendation was “an In-line” for SIRI stock which previously was a “an Underperform”.
Analyzing SIRI Stock Performance
During the last five days, there has been a drop of approximately -1.99%. Over the course of the year, Sirius XM Holdings Inc. shares have dropped approximately -56.78%. Shares of the company reached a 52-week high of $56.80 on 01/02/24 and a 52-week low of $22.50 on 10/02/24. A 50-day SMA is recorded $29.38, while a 200-day SMA reached $36.79. Nevertheless, trading volume fell to 5.47 million shares from 6.37 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 22.88, which, if violated, would cause prices to drop to 22.12. In the upper region, resistance lies at 24.02. The next price resistance is at 24.40. RSI (Relative Strength Index) is 37.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.69, which suggests the price will decrease in the coming days. Percent R is at 68.78%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
