Downward Volume Spike: SIRIUS XM (SIRI)

Posted in General 
September 9th, 2008

You can see the full guidance commentary and analysis we gave over at 247WallSt.com, but SIRIUS XM Radio (NASDAQ: SIRI) is under pressure again today.  Despite yesterday’s huge market gains this stock is at a new 52-week low (prior range $1.22 to $3.94).  At 11:39 AM EST we have seen shares trade down over 5% to $1.19 and we have seen almost 41 million shares trade hands.  With average volume of 57 million, there has been a flurry of trading activity since its press release with its media conference presentation.

Douglas A. McIntyre

September 9, 2008

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