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Taking a look at what insiders are doing to gauge the Sirius XM Holdings Inc (SIRI)’s direction

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Sirius XM Holdings Inc shares valued at $1,083,635 were purchased by HOLDEN JAMES P on Nov 26 ’24. At $26.20 per share, HOLDEN JAMES P acquired 41,368 shares.

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Also, BERKSHIRE HATHAWAY INC purchased 925,205 shares, netting a total of over 25,391,326 in proceeds. Following the buying of shares at $27.44 each, the insider now holds 111,825,522 shares.

Before that, BERKSHIRE HATHAWAY INC had added 679,207 shares to its account. In a trade valued at $18,060,997, the 10% Owner bought Sirius XM Holdings Inc shares for $26.59 each. Upon closing the transaction, the insider’s holdings increased to 679,207 shares, worth approximately $2.99 billion.

Earlier on September 18, 2024, Guggenheim upgraded its rating. Their new recommendation was “a Buy” 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 5.59%. Over the course of the year, Sirius XM Holdings Inc shares have dropped approximately -51.33%. 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 $25.70, while a 200-day SMA reached $31.42. Nevertheless, trading volume fell to 2.85 million shares from 6.73 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 26.29, which, if violated, would cause prices to drop to 25.97. In the upper region, resistance lies at 26.96. The next price resistance is at 27.31. RSI (Relative Strength Index) is 52.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 37.03%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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