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 $43,160,131 were purchased by BERKSHIRE HATHAWAY INC on Dec 19 ’24. At $20.86 per share, BERKSHIRE HATHAWAY INC acquired 2,069,377 shares. The insider’s holdings grew to 117,468,573 shares worth approximately $2.75 billion following the completion of this transaction.
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Also, BERKSHIRE HATHAWAY INC purchased 1,454,467 shares, netting a total of over 32,212,175 in proceeds. Following the buying of shares at $22.15 each, the insider now holds 115,399,196 shares.
Before that, BERKSHIRE HATHAWAY INC had added 1,440,000 shares to its account. In a trade valued at $31,862,448, the 10% Owner bought Sirius XM Holdings Inc shares for $22.13 each. Upon closing the transaction, the insider’s holdings increased to 1,440,000 shares, worth approximately $2.67 billion.
As published in a research note from Seaport Research Partners on December 11, 2024, Sirius XM Holdings Inc [SIRI] has been rated down from a Buy to a Neutral.
Analyzing SIRI Stock Performance
During the last five days, there has been a surge of approximately 5.01%. Over the course of the year, Sirius XM Holdings Inc shares have dropped approximately -57.11%. Shares of the company reached a 52-week high of $56.80 on 01/02/24 and a 52-week low of $20.47 on 12/19/24. A 50-day SMA is recorded $26.03, while a 200-day SMA reached $29.62. Nevertheless, trading volume fell to 2.32 million shares from 5.89 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 23.07, which, if violated, would cause prices to drop to 22.74. In the upper region, resistance lies at 23.71. The next price resistance is at 24.02. RSI (Relative Strength Index) is 43.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.08, which suggests the price will decrease in the coming days. Percent R is at 66.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
