Volume Spike Investor

SIRIUS XM Radio Inc. (NASDAQ: SIRI) is down almost 2% at $0.529 after this morning’s earnings release.  As of 1:41 PM EST we have also seen some 74 million shares trade hands, which is roughly 150% of an average day’s volume now.  Interestingly enough, this is a dud compared to the 100+ million traded in each of the last two days when you consider that this is the earnings release day.  This stock closed last week at $0.45 and closed up on Monday and up on Tuesday.  We do expect that 100 million shares will have traded hands before the closing bell.  But after the volume of the last two days, you might have expected more than this. Before this week, you have to go to July 1 to find a 100 million share day for SIRI… -JON OGG