Sirius XM Holdings Inc. (SIRI) Moves Lower on Volume Spike for June 26

Equities Staff  |

Sirius XM Holdings Inc. (SIRI) traded on unusually high volume on Jun. 26, as the stock lost 1.98% to close at $6.92. On the day, Sirius XM Holdings Inc. saw 29.38 million shares trade hands on 64,242 trades. Considering that the stock averages only a daily volume of 16.63 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $7.70 and $5.17 over the last 52-weeks, its 50-day SMA is now $6.85, and its 200-day SMA $6.02. Sirius XM Holdings Inc. has a P/B ratio of -19.77. It also has a P/E ratio of 44.1.

Sirius XM Holdings Inc is a radio company. It offers commercial-free music, sports and live events, news and comedy, exclusive talk and entertainment, and a range of Latin commercial-free music and sports.

Headquartered in New York, NY, Sirius XM Holdings Inc. has 2,575 employees and is currently under the leadership of CEO James E. Meyer.

For a complete fundamental analysis analysis of Sirius XM Holdings Inc., check out Equities.com’s Stock Valuation Analysis report for SIRI.

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To get more information on Sirius XM Holdings Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: SIRI’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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