PRE-MARKET VOLUME SPIKE: Sirius/XM (SIRI, XMSR)

Posted in General 
July 28th, 2008

We are seeing active trading in SIRIUS Satellite Radio Inc. (NASDAQ: SIRI) pre-market on several pieces of data.  It looks like the FCC has given the final green light call to approve its XM Satellite Radio Inc. (NASDAQ: XMSR) buyout.   Sirius also posted a 25% revenue gain and posted a narrower loss.

So far at 8:57 AM EST we have seen SIRI trade up by almost 1% on almost 2.4 million shares.  We have also seen XMSR up over 5% at $9.77 and we’ve seen more than 425,000 shares trade hands there.

Today’s intra-day price action may see sudden swings up or down based upon analyst calls more than on the merger news.

Jon Ogg

July 28, 2008

2 comments


  1. PRE-MARKET VOLUME SPIKE: Sirius/XM (SIRI, XMSR) | corporated.net Said:

    [...] PRE-MARKET VOLUME SPIKE: Sirius/XM (SIRI, XMSR) [...]

    on December 3rd, 2008 at 1:18 pm
  2. PRE-MARKET VOLUME SPIKE: Sirius/XM (SIRI, XMSR) | corporated.net Said:

    [...] PRE-MARKET VOLUME SPIKE: Sirius/XM (SIRI, XMSR) [...]

    on December 3rd, 2008 at 1:18 pm

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