Volume Spike Investor

Satellite radio stocks are being murdered in the pre-market session.  Sirius Satellite Radio Holdings Inc. (NASDAQ: SIRI) and on XM Satellite Radio Holdings inc. (NASDAQ: XMSR) saw their price targets slashed by Goldman Sachs this morning.  XM is trading down at $9.55 with about 10 minutes to open and it has traded over 180,000 shares.  Sirius is down 5.6% at $2.29 in early trading on 1.2 million shares with 10 minutes to the open.

Both stocks are putting in 52-week lows right before the open this Thursday morning.

Jon C. Ogg
June 19, 2008