One of the richest men in the world, Warren Buffett famously loves legal monopolies, businesses with moats so big as to prevent more than one company from competing in the market they dominate.
In the latest trading session, Sirius XM (SIRI) closed at $23.47, marking a +1.87% move from the previous day.
Since last Friday, shares of the digital audio company Sirius XM Holdings (SIRI -2.98%) are now trading 13.5% lower as of 1:52 p.m. ET Thursday.
Shares of Warren Buffett holding Sirius XM (SIRI -5.72%) were falling hard today in spite of the rest of the market attempting a comeback after Monday's huge marketwide plunge. Sirius' stock was down as much as 10% on the day at one point before recovering to a 6% decline as of 3:20 p.m.
Sirius XM Holdings Inc. (NASDAQ:SIRI ) Annual Deutsche Bank Media, Internet & Telecom Conference March 11, 2025 11:20 AM ET Company Participants Tom Barry - Chief Financial Officer Conference Call Participants Bryan Kraft - Deutsche Bank Bryan Kraft Okay. Thanks for joining us.
Is Warren Buffett the new king of all media? Sirius XM Holdings (SIRI 6.23%) is growing into a significant position for Berkshire Hathaway (BRK.A -0.56%) (BRK.B -0.45%).
Sirius XM Holdings Inc. (NASDAQ:SIRI ) Morgan Stanley Technology, Media & Telecom Conference March 5, 2024 1:45 PM ET Company Participants Jennifer Witz - Chief Executive Officer Conference Call Participants Cameron Mansson-Perrone - Morgan Stanley Cameron Mansson-Perrone Alright, hello and welcome everyone. I'm Cameron Mansson-Perrone, Morgan Stanley music live event analyst.
SIRI expands content and improves engagement, but with falling subscription revenues and strong competition, investors can wait for better entry points.
In case you haven't noticed, the bulls have been running the show on Wall Street for almost 2.5 years. Since the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite bottomed out in October 2022, all three major indexes have rocketed to multiple all-time highs.
Berkshire Hathaway owns dozens of stocks. But Sirius XM (SIRI 1.13%) is an under-the-radar business that has popped up in the portfolio in a meaningful way in the past year.
Investors may not know what to make of Sirius XM Holdings (SIRI -1.75%) stock. The company has what amounts to a legal monopoly for satellite radio in the U.S. Nonetheless, this does not include internet-based media, meaning its satellite-based domination has not eliminated its competition.
A lot can happen in a year. Sirius XM Holdings (SIRI 0.42%) investors know that in a bad way.