Berkshire Hathaway lifts stake in Sirius XM
bovnews · 7d
Berkshire Hathaway’s Bold Bet: A Game-Changer for Sirius XM (SIRI)?
This strategic investment by Berkshire Hathaway, particularly under the management of investment guru Ted Weschler, is noteworthy given that the company has been perceived as a money-losing stake. Berkshire’s commitment to Sirius XM indicates a potential long-term outlook, despite the company’s current struggles.
SchaeffersResearch.com · 7d
Struggling Sirius XM Stock Gets Berkshire, Buffett Boost
Sirius XM needed it. The stock is down 51% in 2024 and fell to a 12-year low of $22.18 on Oct. 7. The shares looked ready to rally in July, but found resistance at their 200-day moving average. Options traders are all in on calls.
MarketWatch · 7d
Sirius XM Shares Rise After Berkshire Hathaway Buys Stock for $87 Million
Shares in broadcasting company Sirius XM rose Monday after Berkshire Hathaway bought stock in the company for about $87 million. Shares were up 5.6% in premarket trading at $24.93, but remain down more than 50% year to date.
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