Loading...
Market
Sirius XM stock price to increase by 20% by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Publicly available stock market data from sources like NASDAQ or Yahoo Finance
Story
Berkshire Hathaway Boosts Sirius XM Stake to 32% with $87 Million Investment, Acquiring 108.72 Million Shares
Oct 14, 2024, 01:57 PM
Berkshire Hathaway, led by Warren Buffett, has significantly increased its stake in Sirius XM, acquiring approximately $87 million worth of shares over the past week. The investment included purchases of 869,800 shares on Wednesday, followed by two transactions of 917,846 and 517,154 shares on Thursday, and 1,259,259 shares on Friday. This buying spree has raised Berkshire's total ownership in Sirius XM to 108.72 million shares, representing a 32% stake in the company. Following this news, Sirius XM's stock price surged nearly 8%, reflecting investor optimism despite the stock being down 50% year-to-date. Analysts remain cautious, with only five out of 14 recommending a buy rating. The recent Liberty transaction, which reduced the share count by 12%, may lead to a pause in share buybacks until 2027.
View original story
Similar markets
Outperform • 25%
Match • 25%
Underperform • 25%
Significantly underperform • 25%
Outperforms S&P 500 • 25%
Performs the same as S&P 500 • 25%
Underperforms S&P 500 • 25%
Other • 25%
Negative growth • 25%
0-5% growth • 25%
5-10% growth • 25%
Over 10% growth • 25%
Less than 2% • 25%
Between 2% and 5% • 25%
Between 5% and 8% • 25%
More than 8% • 25%
Yes • 50%
No • 50%
Increase in subscriptions • 25%
Decrease in subscriptions • 25%
No significant change • 25%
Data not disclosed • 25%
