3 Reasons to Buy Sirius XM Stock Like There's No Tomorrow
This year's market correction sent many stocks sliding, creating opportunities to pick up shares of some good companies at a discount. Sirius XM Holdings (NASDAQ: SIRI) is one such business, but its stock was struggling well before this latest period of market volatility.Its shares are down about 40% over the past 12 months through the week ended March 21. In fact, Sirius XM stock hit a 52-week low of $20.47 in December.Warren Buffett's Berkshire Hathaway took advantage, swooping in to buy Sirius XM shares. Based on its latest Securities and Exchange Commission filing on that holding, the conglomerate now owns a 35% stake in it.Continue reading
This year's market correction sent many stocks sliding, creating opportunities to pick up shares of some good companies at a discount. Sirius XM Holdings (NASDAQ: SIRI) is one such business, but its stock was struggling well before this latest period of market volatility.
Its shares are down about 40% over the past 12 months through the week ended March 21. In fact, Sirius XM stock hit a 52-week low of $20.47 in December.
Warren Buffett's Berkshire Hathaway took advantage, swooping in to buy Sirius XM shares. Based on its latest Securities and Exchange Commission filing on that holding, the conglomerate now owns a 35% stake in it.
