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 TheStreet.com 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.

JON OGG

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