Liberty Media Buys More Shares – Defending Stock Price

Liberty Media (NASDAQ:LMCA) filed with the FCC that they have bought additional shares of SiriusXM (NASDAQ:SIRI).  The filing indicates some 40 million additional shares were purchased during the week.  essentially we have Liberty Media supporting the stock price of SiriusXM in the mid $2.60′s. This dynamic has created an interesting development.  From a technical standpoint... → Read More...