{ }
Symbol SIRI
Name Sirius XM Holdings Inc.
Currency USD
Sector Communication Services
IndustryGroup Media & Entertainment
Industry Media
Market NASDAQ Global Select
Country United States
State NY
City New York
Zipcode 10020
Website http://www.siriusxm.com
Warren Buffett has invested over $563 million into three assets after selling significant stakes in Apple and Bank of America. His recent purchases include $405 million in Occidental Petroleum, $113 million in Sirius XM Holdings, and $45 million in VeriSign, as Berkshire Hathaway now owns more than 10% of each company.
Wall Street faced volatility as the S&P 500 and Nasdaq marked their third consecutive day of losses, while the Dow ended a 10-day losing streak. FedEx surged 8.5% after a strategic spin-off, while Nike shares fell 6% amid a delayed turnaround plan. Novo Nordisk's obesity treatment trial results disappointed, causing its stock to drop, while Berkshire Hathaway increased its stake in Occidental Petroleum.
Small business owners are optimistic about economic growth, with expectations rising significantly. Meanwhile, Mizuho recommends buying shares of Ball, citing a favorable long-term outlook despite recent capacity closures. Nvidia faces scrutiny in China, impacting its stock, while Broadcom is expected to exceed fiscal fourth-quarter estimates. South Korean markets surged amid political turmoil, contrasting with European stocks that opened lower following disappointing trade figures from China. In extended trading, Oracle's shares fell after missing earnings estimates, while MongoDB and Vail Resorts saw gains due to positive forecasts and narrower losses, respectively.
SiriusXM's CEO Jennifer Witz will present at the UBS Global Media and Communications Conference on December 10, 2024, at 2:15 PM ET. A live webcast of the presentation will be available on the company's Investor Relations website. SiriusXM is a leading audio entertainment provider in North America, reaching approximately 150 million listeners with a diverse range of content.
Insider sentiment remains neutral, with the Total Eight-Week Sell/Buy Ratio slightly decreasing from 4.13 to 4.11, indicating a lack of strong bullish or bearish positions among insiders. Notable insider buying occurred in the Energy sector, totaling nearly $30 million, while the Information Technology sector saw the highest selling, with approximately $108 million sold. Additional significant transactions were noted in the Consumer Discretionary and Healthcare sectors, while the Financial and Industrials sectors also experienced notable selling activity.
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