Sirius XM Holdings Inc.’s recent filing unveils that its 10% Owner BERKSHIRE HATHAWAY INC acquired Company’s shares for reported $34.83 million on Oct 10 ’24. In the deal valued at $24.27 per share,1,435,000 shares were bought. As a result of this transaction, BERKSHIRE HATHAWAY INC now holds 107,459,829 shares worth roughly $2.68 billion.
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Then, BERKSHIRE HATHAWAY INC bought 1,259,259 shares, generating $31,415,238 in total proceeds. Upon buying the shares at $24.95, the 10% Owner now owns 108,719,088 shares.
Before that, BERKSHIRE HATHAWAY INC bought 869,800 shares. Sirius XM Holdings Inc. shares valued at $20,485,791 were divested by the 10% Owner at a price of $23.55 per share. As a result of the transaction, BERKSHIRE HATHAWAY INC now holds 106,024,829 shares, worth roughly $2.64 billion.
Guggenheim also remained covering SIRI and has increased its forecast on September 18, 2024 with a “Buy” recommendation from previously “Neutral” rating. Citigroup revised its rating on July 25, 2024. It rated SIRI as “a Sell” which previously was an “a Neutral”.
Price Performance Review of SIRI
On Friday, Sirius XM Holdings Inc. [NASDAQ:SIRI] saw its stock jump 2.59% to $24.93. Over the last five days, the stock has gained 9.68%. Sirius XM Holdings Inc. shares have fallen nearly -54.42% since the year began. Nevertheless, the stocks have fallen -45.69% over the past one year. While a 52-week high of $57.80 was reached on 01/02/24, a 52-week low of $22.18 was recorded on 10/07/24. SMA at 50 days reached $27.62, while 200 days put it at $35.73.
Levels Of Support And Resistance For SIRI Stock
The 24-hour chart illustrates a support level at 24.37, which if violated will result in even more drops to 23.82. On the upside, there is a resistance level at 25.31. A further resistance level may holdings at 25.70. The Relative Strength Index (RSI) on the 14-day chart is 48.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.58%. Stochastics %K at 58.78% indicates the stock is a holding.
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 2024-09-30, growing by 3.67 million shares to a total of 16.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 12.95 million shares. There was a rise of 22.06%, which implies that there is a positive sentiment for the stock.
