Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sirius XM Holdings Inc. shares valued at $34,829,915 were purchased by BERKSHIRE HATHAWAY INC on Oct 10 ’24. At $24.27 per share, BERKSHIRE HATHAWAY INC acquired 1,435,000 shares. The insider’s holdings grew to 107,459,829 shares worth approximately $2.91 billion following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, BERKSHIRE HATHAWAY INC purchased 1,259,259 shares, netting a total of over 31,415,238 in proceeds. Following the buying of shares at $24.95 each, the insider now holds 108,719,088 shares.
Before that, BERKSHIRE HATHAWAY INC had added 869,800 shares to its account. In a trade valued at $20,485,791, the 10% Owner bought Sirius XM Holdings Inc. shares for $23.55 each. Upon closing the transaction, the insider’s holdings increased to 869,800 shares, worth approximately $2.87 billion.
As of September 18, 2024, Guggenheim has increased its “Neutral” rating to a “Buy” for SIRI. Earlier on July 25, 2024, Citigroup downgraded its rating. Their new recommendation was “a Sell” 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 13.98%. Over the course of the year, Sirius XM Holdings Inc. shares have dropped approximately -50.51%. Shares of the company reached a 52-week high of $56.80 on 01/02/24 and a 52-week low of $22.18 on 10/07/24. A 50-day SMA is recorded $27.40, while a 200-day SMA reached $35.31. Nevertheless, trading volume fell to 7.17 million shares from 10.8 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 26.35, which, if violated, would cause prices to drop to 25.63. In the upper region, resistance lies at 27.87. The next price resistance is at 28.67. RSI (Relative Strength Index) is 58.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.67, which suggests the price will increase in the coming days. Percent R is at 15.25%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
