Express News | Warren Buffett's Berkshire Hathaway bought $42 million worth of satellite radio company Sirius XM stocks on October 16-18.
Sirius XM(SIRI.US) 10% Shareholder Buys US$42.14 Million in Common Stock
$Sirius XM(SIRI.US)$ 10% Shareholder BERKSHIRE HATHAWAY INC purchased 1.56 million shares of common stock on Oct 16, 17, 18, 2024 at an average price of $27.0548 for a total value of $42.14 million.
Berkshire Hathaway Buys $42 Million in Sirius XM Stock
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Daily short sale tracking: SoFi Technologies's short volume increased by 6 million, with a short sale ratio of 9%
SoFi Technologies(SOFI.US) ranked top of the list had the largest change in short volume (6.81 million shares), and the short volume ratio of Magnolia Oil & Gas(MGY.US) reached 38.78%. See more about the top 10 list of short selling volume changes in the latest trading day of the US stock market.
Benchmark Co. Maintains Sirius XM(SIRI.US) With Buy Rating, Maintains Target Price $43
Sirius XM Holdings (SIRI) Receives a Buy From Benchmark Co.
Strength Seen in Sirius XM (SIRI): Can Its 7.9% Jump Turn Into More Strength?
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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Stock Market at New Highs; Movers: SoFi, Boeing, Sirius XM
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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