Sirius XM (SIRI) Shares Surge Following Significant Investment by Berkshire Hathaway

5 days ago

Sirius XM (SIRI, Financial) shares saw a significant increase in pre-market trading, jumping 6.74% to $26.60. This surge is attributed to a substantial investment by Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway.

The investment firm purchased $86.73 million worth of Sirius XM shares over a three-day period, raising its total holdings to 108.72 million shares. This move indicates Berkshire Hathaway's strong confidence in Sirius XM's future potential.

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