SIRIUS XM Sees Increased Downward Trading Volume (SIRI)

Posted in General 
October 7th, 2009

Sirius XM Radio Inc. (NASDAQ: SIRI) is seeing some elevated trading and it looks like the average daily volume may be hit before the noon hour today.  As of 9:49 AM EST we have seen some 37 million shares trade hands and the drop is by 7% at $0.535.  Average volume is about 50 million shares and the recent highs were $0.78.  The WSJ called the stock ‘Not yet a Buy’ this morning.  And then there is word of all the insider selling taking place soon. JON OGG

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