KD Logo

Seaport Research Partners gives a Neutral recommendation for Sirius XM Holdings Inc (SIRI)

Sirius XM Holdings Inc’s filing revealed that its 10% Owner BERKSHIRE HATHAWAY INC acquired Company’s shares for reported $19.84 million on Jan 31 ’25. In the deal valued at $23.62 per share,840,000 shares were bought. As a result of this transaction, BERKSHIRE HATHAWAY INC now holds 119,059,714 shares worth roughly $2.95 billion.

Then, BERKSHIRE HATHAWAY INC bought 751,141 shares, generating $17,118,729 in total proceeds. Upon buying the shares at $22.79, the 10% Owner now owns 118,219,714 shares.

Before that, BERKSHIRE HATHAWAY INC bought 716,978 shares. Sirius XM Holdings Inc shares valued at $17,000,167 were divested by the 10% Owner at a price of $23.71 per share. As a result of the transaction, BERKSHIRE HATHAWAY INC now holds 119,776,692 shares, worth roughly $2.96 billion.

Seaport Research Partners downgraded its Sirius XM Holdings Inc [SIRI] rating to a Neutral from a a Buy in a research note published recently.

Price Performance Review of SIRI

On Friday, Sirius XM Holdings Inc [NASDAQ:SIRI] saw its stock fall -1.75% to $24.75. Over the last five days, the stock has lost -6.39%. Sirius XM Holdings Inc shares have risen nearly 8.55% since the year began. Nevertheless, the stocks have fallen -47.67% over the past one year. While a 52-week high of $48.00 was reached on 02/18/25, a 52-week low of $20.47 was recorded on 01/13/25. SMA at 50 days reached $23.57, while 200 days put it at $27.45.

Levels Of Support And Resistance For SIRI Stock

The 24-hour chart illustrates a support level at 24.39, which if violated will result in even more drops to 24.02. On the upside, there is a resistance level at 25.24. A further resistance level may holdings at 25.73. The Relative Strength Index (RSI) on the 14-day chart is 51.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.59%. Stochastics %K at 50.58% indicates the stock is a holding.

Most Popular