Shares of Sirius XM are trading higher by 10% since Monday's open. The stock gained on news that Warren Buffett's Berkshire Hathaway has raised its stake in the company.

Shares of Sirius stock gained 8.1% through 10:45 a.m. ET Monday after Warren Buffett investment vehicle Berkshire Hathaway ( BRK.A -0.94%) ( BRK.B -0.05%) revealed in an SEC filing that it has increased its stake in the satellite radio company.

Headlines ahead of the market open on Monday detailed a new $2 billion loan platform deal agreement with Fortress Investment Group. The deal expands SoFi Technologies capabilities to refers pre-qualified borrowers to loan origination partners as well as originates loans on behalf of third parties.

SiriusXM Holdings Inc (NASDAQ:SIRI) shares are trading higher Monday after Warren Buffett’s Berkshire Hathaway further increased its stake in the company. What Happened: According to a regulatory filing from late last week,

Sirius XM needed it. The stock is down 51% in 2024 and fell to a 12-year low of $22.18 on Oct. 7. The shares looked ready to rally in July, but found resistance at their 200-day moving average. Options traders are all in on calls.

Sirius XM Holdings Inc. (NASDAQ: SIRI) is experiencing upward momentum on Monday following the news that Warren Buffett has acquired additional shares of the satellite radio provider. The “Oracle of Omaha” invested $87 million to purchase 3.

Shares of satellite radio and media company Sirius XM (NASDAQ:SIRI) jumped 7.6% in the morning session after a regulatory filing revealed that Warren Buffett's Berkshire Hathaway added to its position in the company (Sirius XM).