Buffett doubled down, Berkshire increased shareholding in sirius xm
Berkshire recently increased its shareholding in sirius xm, with a stake of 32%. Despite facing challenges of subscriber losses and high debt, Buffett's "golden touch" once again turned to it.
Bullish on satellite broadcasting services? Buffett continues to increase shareholding in SiriusXM, raising his stake to 32%!
What did Buffett value about this company?
Buffett increased his stake in the satellite broadcasting company SiriusXM, raising his shareholding to 32%.
Last week, Warren Buffett's Berkshire Hathaway company spent about $87 million in multiple trades to purchase approximately 3.6 million shares of SiriusXM stocks, increasing its shareholding percentage to 32%. Despite SiriusXM facing issues with user attrition and insufficient growth potential, Berkshire may have identified a merger arbitrage opportunity, hence choosing to continue investing. The news of the shareholding increase caused SiriusXM's stock price to surge over 9.3% intraday on Monday.
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US stock market in early trading | The three major indices are mixed, with the S&P 500 index continuing to hit new highs; growth tech stocks generally rise, with adobe and nvidia both rising more than 3%.
As of the press time, the three major indexes rose in a straight line, with the Dow Jones falling by 0.07%; the Nasdaq rising by 1.07%; and the s&p 500 index rising by 0.65%.
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US stock market outlook | Equity index futures show mixed movements, 'terrifying data' combined with heavy financial reports are coming this week.
On October 14 (Monday) pre-market trading, the three major equity index futures in the US stock market are mixed in their movements.
Breaking News | Berkshire Hathaway significantly increased its holdings, sirius xm surged more than 5% pre-market.
Berkshire Hathaway made a large increase in holdings, causing sirius xm's pre-market stock price to rise.
U.S. stocks jump: Sirius XM rose about 7% before the market opening, Buffett once again increased shareholding.
Gelonghui October 14th | Satellite broadcasting company sirius xm (SIRI.US) rose 6.74% before the market to $26.6. In terms of news, last week, Buffett's Berkshire-A heavily bought sirius xm stocks. According to the documents submitted to regulatory institutions last Friday, this investment group bought $86.73 million worth of stocks within three days, increasing its total holdings in the company to 0.10872 billion shares. (Gelonghui)
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Berkshire Hathaway increased its holdings significantly, sirius xm night trading soared nearly 8%.
Last week, Warren Buffett's Berkshire Hathaway company made a big purchase of stocks in broadcasting company SiriusXM.
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Express News | Berkshire Hathaway, a shareholder of Sirius XM Holdings, increased its shareholding by purchasing an average of 24.3349 US dollars per share on October 9, 10, and 11, for a total of 3.5641 million common shares, worth approximately 86.7309 million U.S. do