Buffett’s Berkshire ups Sirius XM stake to 37% after slide
Berkshire Hathaway bought 50.3 mn shares of Sirius XM for $106.45 mn, raising its stake to 37%. The move follows a Q2 earnings miss driven by weak ad revenue and high acquisition costs. Sirius stock has dropped 6% since the report. Retail sentiment on Stocktwits was 'neutral' despite the buying spree.