SiriusXM gains as Buffett's Berkshire buys more shares

Sirius XM Holdings

21/10/2024 12:55

** Shares of SiriusXM Holdings  SIRI.O  up 3% at $28.45
premarket after Warren Buffett's Berkshire Hathaway  BRKa.N 
disclosed increased stake in satellite-radio firm
** Berkshire bought ~1.6 mln shares worth about $42 mln from
Weds-Fri last week, bringing total holdings to ~110.3 mln
shares, according to SEC filing late Fri
** Buffett, who bought ~3.6 mln shares the week prior, now owns
~32.5% of the 339.1 mln SIRI shares outstanding
** SiriusXM began trading as an independent public co last month
after completing split-off and merger deal with billionaire John
Malone's Liberty Media
    ** Through Fri, SIRI has rallied ~21% over the past two
weeks. Stock has halved YTD
     

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))