Sirius XM Holdings Inc’s recent filing unveils that its 10% Owner BERKSHIRE HATHAWAY INC acquired Company’s shares for reported $25.39 million on Oct 30 ’24. In the deal valued at $27.44 per share,925,205 shares were bought. As a result of this transaction, BERKSHIRE HATHAWAY INC now holds 111,825,522 shares worth roughly $3.09 billion.
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Then, BERKSHIRE HATHAWAY INC bought 679,207 shares, generating $18,060,997 in total proceeds. Upon buying the shares at $26.59, the 10% Owner now owns 112,504,729 shares.
Before that, BERKSHIRE HATHAWAY INC bought 623,527 shares. Sirius XM Holdings Inc shares valued at $17,240,522 were divested by the 10% Owner at a price of $27.65 per share. As a result of the transaction, BERKSHIRE HATHAWAY INC now holds 110,900,317 shares, worth roughly $3.07 billion.
Guggenheim revised its rating on September 18, 2024. It rated SIRI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SIRI
On Friday, Sirius XM Holdings Inc [NASDAQ:SIRI] saw its stock jump 3.71% to $27.65. Over the last five days, the stock has gained 4.73%. Sirius XM Holdings Inc shares have fallen nearly -49.45% since the year began. Nevertheless, the stocks have fallen -38.56% 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 $26.51, while 200 days put it at $33.72.
Levels Of Support And Resistance For SIRI Stock
The 24-hour chart illustrates a support level at 26.99, which if violated will result in even more drops to 26.32. On the upside, there is a resistance level at 28.58. A further resistance level may holdings at 29.50. The Relative Strength Index (RSI) on the 14-day chart is 58.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.59%. Stochastics %K at 53.60% 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 2024-10-15, growing by 0.8 million shares to a total of 16.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 15.49 million shares. There was a rise of 4.93%, which implies that there is a positive sentiment for the stock.
