SIRIUS XM Radio (SIRI) Sees Upside Action
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Shares of SIRIUS XM Radio Inc. (Nasdaq: SIRI) are 21% higher this morning for the second straight session following the stocks free-fall since the merger was completed at the end of July.
There is no news explaining today's move. The stock has only seen 6 up days out of the last 21 sessions.
SIRIUS XM has seen extreme pressure as investors question the company's viability as a going concern due to its debt load. Common holders fear bond holders may eventually take over. Also there is fears about a reverse split and another capital raise.
Sirius XM Radio, Inc. provides satellite radio services in the United States.
There is no news explaining today's move. The stock has only seen 6 up days out of the last 21 sessions.
SIRIUS XM has seen extreme pressure as investors question the company's viability as a going concern due to its debt load. Common holders fear bond holders may eventually take over. Also there is fears about a reverse split and another capital raise.
Sirius XM Radio, Inc. provides satellite radio services in the United States.
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