Berkshire Hathaway owns 31% of Sirius XM Holdings, the satellite-radio company, and one of Berkshire’s investment managers also holds an interest in the company.Berkshire held 105.2 million shares of Sirius XM as of Sept.

Sirius XM Holdings Inc. closed $34.53 below its 52-week high ($57.80), which the company reached on December 15th.

Sirius XM Holdings (NASDAQ: SIRI) investors have struggled to lock onto a signal from the satellite radio giant. The stock is down 55% this year amid disappointing results with concerns about whether the company can manage to move the dial toward stronger growth.

Investors may view reverse stock splits negatively, as they often signal fewer shares and a short-term problem, but it can signal optimism in the longer term.

Fintel reports that on September 18, 2024, Guggenheim upgraded their outlook for Sirius XM Holdings (NasdaqGS:SIRI) from Neutral to Buy. Analyst Price Forecast Suggests 83.94% Downside As of August 26,

This was the stock's fourth consecutive day of losses.

Sirius XM Holdings (NASDAQ: SIRI) has now completed its combination with media mogul John Malone's controlling stake in the satellite radio platform. The Liberty Sirius XM Group tracking shares that were a distraction and historically traded at a wide discount to the common shares were officially absorbed into the main company after Monday's market close.

Sirius' stock split doesn't change the company's fundamental value. While Sirius boasts a stable business, there is little operational momentum. Formed by the 2008 merger of Sirius Satellite Radio and XM Satellite Radio,