Sirius XM Holdings Inc.’s filing revealed that its Pres. & Chief Content Officer Greenstein Scott Andrew unloaded Company’s shares for reported $4.58 million on Aug 08 ’24. In the deal valued at $3.16 per share,1,447,238 shares were sold. As a result of this transaction, Greenstein Scott Andrew now holds 989,331 shares worth roughly $22.49 million.
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Then, Salen Kristina sold 12,518 shares, generating $32,547 in total proceeds. Upon selling the shares at $2.60, the Director now owns 169,309 shares.
Before that, Salen Kristina sold 12,518 shares. Sirius XM Holdings Inc. shares valued at $32,797 were divested by the Director at a price of $2.62 per share. As a result of the transaction, Salen Kristina now holds 181,827 shares, worth roughly $4.13 million.
A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in mid September from “a Neutral” to “a Buy”. Citigroup also remained covering SIRI and has decreased its forecast on July 25, 2024 with a “Sell” recommendation from previously “Neutral” rating. Evercore ISI revised its rating on June 24, 2024. It rated SIRI as “an In-line” which previously was an “an Underperform”.
Price Performance Review of SIRI
On Friday, Sirius XM Holdings Inc. [NASDAQ:SIRI] saw its stock fall -1.94% to $22.73. Over the last five days, the stock has lost -6.77%. Sirius XM Holdings Inc. shares have fallen nearly -58.45% since the year began. Nevertheless, the stocks have fallen -48.92% over the past one year. While a 52-week high of $57.80 was reached on 01/02/24, a 52-week low of $22.50 was recorded on 10/02/24. SMA at 50 days reached $28.72, while 200 days put it at $36.49.
Levels Of Support And Resistance For SIRI Stock
The 24-hour chart illustrates a support level at 22.43, which if violated will result in even more drops to 22.14. On the upside, there is a resistance level at 23.21. A further resistance level may holdings at 23.70. The Relative Strength Index (RSI) on the 14-day chart is 34.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.70%. Stochastics %K at 18.71% indicates the stock is a buying.
How much short interest is there in Sirius XM Holdings Inc.?
A steep rise in short interest was recorded in Sirius XM Holdings Inc. stocks on 2024-09-13, growing by 1.5 million shares to a total of 15.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 14.0 million shares. There was a rise of 9.66%, which implies that there is a positive sentiment for the stock.
