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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: hclasvegas   😊 😞
Number: of 15058 
Subject: Siri,
Date: 08/15/2024 7:01 AM
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No. of Recommendations: 1
" Sirius XM (NASDAQ:SIRI) shares soared 14.8% before the bell on Thursday, a day after Warren Buffett's Berkshire Hathaway (BRK.B) (BRK.A) disclosed that it more than tripled its stake in the broadcasting company during Q2.
Berkshire (BRK.B) increased its holdings in Sirius XM (SIRI) to 132.9M shares in the quarter, from 36.7M shares at the end of Q1.
Sirius XM (SIRI) stock has declined 46.8% YTD, and fell 23% over the last month alone.
Earlier this month, the company reported in-line Q2 profit and a slight revenue miss, weighed by subscriber losses in both segments.
Wall Street analysts on average are neutral on the stock, in line with SA Quant's Hold rating."
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