SIRIUS Volume Almost Double in First Hour Alone (SIRI)

Posted in block volume, General 
December 9th, 2010

By now you already know that Howard Stern has announced that he is sticking with SIRIUS XM Radio Inc. (NASDAQ: SIRI) in a new 5-year deal.  What is interesting is how much trading has gone into the news this morning.  It is almost an hour into the trading day and SIRIUS shares are already approaching 100 MILLION SHARES….

At 10:28 AM EST we have SIRIUS stock up 6.5% at $1.40 on literally 92.5 million shares.

The average volume is about 58 million shares and the 52-week trading range is $0.56 to $1.61.

The last day that we saw 100+ million shares trade was on November 4 with 185 million.  On October 13 there were 156 million shares traded, and we saw more than 100 million shares on October 5 and October 1.

JON C. OGG

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