What Next for The Liberty SiriusXM Group (LSXMK) Stock After Touching 52-Week High?

June 14, 2018 - By Eugene Smith

The stock of The Liberty SiriusXM Group (NASDAQ:LSXMK) hit a new 52-week high and has $48.91 target or 5.00 % above today’s $46.58 share price. The 7 months bullish chart indicates low risk for the $15.52B company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $48.91 price target is reached, the company will be worth $776.05 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.82% or $0.38 during the last trading session, reaching $46.58. About 529,287 shares traded. The Liberty SiriusXM Group (NASDAQ:LSXMK) has risen 13.66% since June 14, 2017 and is uptrending. It has outperformed by 1.09% the S&P500.

Another recent and important The Liberty SiriusXM Group (NASDAQ:LSXMK) news was published by Seekingalpha.com which published an article titled: “Tracking Warren Buffett’s Berkshire Hathaway Portfolio – Q1 2018 Update” on May 16, 2018.

The Liberty SiriusXM Group, through its subsidiary Sirius XM Holdings Inc., transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company has market cap of $15.52 billion. The firm provides infotainment services; and Sirius XM on Demand and MySXM over its Internet radio service through applications for mobile devices, home devices, and other consumer electronic equipment. It has a 14.07 P/E ratio. In addition, it offers connected vehicle services; and Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedules and scores, and movie listings.

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