SIRIUS XM Volume Watch (SIRI)

Posted in pre-market 
May 3rd, 2010

SIRIUS XM Radio Inc. (NASDAQ: SIRI) is trading higher this morning, perhaps partly on a poll taken by saying that the days of its penny stock status are behind it.  But what may be more important than anything is that this has shares challenging 52-week highs even if the multi-year highs are far higher.  SIRIUS reports earnings on Tuesday morning per our weekend’s Unusual Suspects.

UPDATE 9:40 AM EST: SIRI is up 2.7% at $1.21 on over 13 million shares in the first ten minutes…. PRICE/VOLUME this morning as follows:

  • UPDATE: 9:22 AM EST SIRI is still up 1.9% at $1.20 on about 1.45 million shares traded in the pre-market.
  • Shares are up 1.9% at $1.20 on 600,000 shares as of 8:16 AM EST.

That volume is not yet extreme by any measure but this will be key to watch to see how investors and traders position themselves after such a large run-up into the earnings report.


Comments are closed