Berkshire Hathaway rises 3.9% as share purchases coincided with Sirius XM rally

What happened

Berkshire Hathaway (BRK-A) rose 3.9% on November 4, 2026, after buying nearly 1 million Sirius XM shares as the radio company reported stronger-than-expected third-quarter results. Barrons and 24/7 Wall Street noted the purchases. The rise also came as the S&P 500 rose 1.6% and the Financial Services sector median rose 1.7% that day, making the gain partly company-driven and partly market-driven. Volume ran at 1.5 times its 20-day average, suggesting stronger-than-normal investor interest during the session.

How big was the move

The session move was 4.1 times a typical daily move for this stock, a large single-session jump for Berkshire Hathaway. Over the last five sessions the stock rose 7.1%, while the S&P 500 over five sessions fell 0.7%, leaving the company well ahead of the market in the short run. Compared with its sector, the stock’s move was 2.3 percentage points better than the sector median, reflecting both company-specific news and broader sector strength.

The technical picture

The stock traded at or near its 52-week high. It was 11.6% above its 50-day moving average and 16.6% above its 200-day moving average, with the 50-day average above the 200-day average, a sign of an established uptrend. The shares had spent 74 consecutive trading days above the 200-day average.

Momentum measures showed strength. The Relative Strength Index (14 days) was 82, a level often called overbought. The shares rose 14.7% over one month and 22.1% over one year, placing the stock 9.9 percentage points ahead of the S&P 500 over the past year. Volatility was 15% annualized over 60 days, lower than 53% of its own readings over five years.

Fundamentals and valuation

For the four quarters through June 30, 2026, Berkshire reported revenue of $384.69 billion, which grew 3.9% from a year earlier. Diluted earnings per share were $59,656.22, which rose 36.3% from a year earlier. Gross margin was 23.5% versus 24.2% a year earlier, and operating margin was 16.3% versus 15.6% a year earlier.

Free-cash-flow margin was 6.3% and return on invested capital was 4.2%. The balance sheet showed net debt of 1.2 times EBITDA and the share count over one year decreased by 0.1%.

On valuation, the stock traded at 14.6 times trailing earnings and 25.9 times expected earnings, with a free-cash-flow yield of 2.1%. Its price-to-earnings level was higher than 74% of its own readings over the past five years; the five-year median was 12.1 times earnings. PromtFinance scores ranked Momentum at 81 (Strong) and Growth at 74 (Positive), while Value was 40 (Weak) and Quality was 32 (Weak).

Earnings and analyst expectations

Berkshire Hathaway was scheduled to report next on November 7, 2026. Its last report, on August 8, 2026, showed earnings per share of $9,030.34 against $7,553.16 expected, 19.6% above estimates, and marked two consecutive quarters beating estimates. The typical two-day reaction after recent reports was a fall of 0.2%, while the average surprise over the last four reports was 4.6% above estimates.

Ten analysts covered the stock; the consensus rating was Hold, with 40% assigning Buy or Strong Buy. The consensus price target of $942,405.00 was 8.4% above the closing price.

What to watch

• November 7, 2026: Berkshire Hathaway next reports earnings.
• Barrons and 24/7 Wall Street reported Berkshire bought nearly 1 million Sirius XM shares at prices higher than prior purchases.
• Sirius XM’s stronger-than-expected third-quarter results coincided with Berkshire’s purchases and the radio company’s rally.
• PromtFinance Momentum score of 81 and the stock’s Relative Strength Index of 82 (above 70).
• The stock was at or near its 52-week high and traded 11.6% above its 50-day moving average.