Double-Volume Alert on SIRIUS XM (SIRI)

Posted in block volume, General 
June 25th, 2009

SIRIUS XM Radio Inc. (NASDAQ: SIRI) has already crossed above its average volume for the day.  It is actually almost twice-normal volume for a whole day.  With 84 million shares having traded hands, that compares to under 50 million shaes for an average day.   If this continues, we could have close to three-times normal trading volume.  You can see the full setails of the news at 24/7 Wall St., but a one sentence summary is that it had strong deamnd for its debt offering.  Shares are up 13% at $0.44+ as of 12:10 PM EST. -Jon Ogg

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