Sirius XM Holdings Inc. (NASDAQ: SIRI) is experiencing upward momentum on Monday following the news that Warren Buffett has acquired additional shares of the satellite radio provider. The “Oracle of Omaha” invested $87 million to purchase 3.

Berkshire Hathaway increased its stake after billionaire John Malone’s Liberty Media completed the deal to combine its tracking stock with the rest of the audio entertainment co

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.

Raising its stake in the home of Howard Stern to 32 percent represents a vote of confidence in SiriusXM XM Holdings combining with the Liberty Media tracking stock group.

We recently compiled a list of the 8 Best Warren Buffett Stocks to Buy According to Analysts. In this article, we are going to take a look at where Sirius XM Holdings Inc.

Warren Buffett just purchased $87 million worth of this American satellite and online radio broadcasting company.

Warren Buffett’s Berkshire Hathaway increased its stake in SiriusXM, now holding 32% of the satellite radio company. Berkshire bought over 3 million shares for over $80 million, according to an SEC filing.