Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Sirius' stock split doesn't change the company's fundamental value. While Sirius boasts a stable business, there is little operational momentum.
Sirius XM (SIRI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Sirius XM Holdings (NASDAQ: SIRI), a leading provider of satellite radio, conducted its 1-for-10 reverse-stock split on September 9. This means that shareholders of the stock received one share for every 10 shares they owned.
Sirius XM (SIRI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Sirius XM Holdings Inc. (NASDAQ:SIRI ) Goldman Sachs Communacopia + Technology Conference September 11, 2024 5:25 AM ET Company Participants Jennifer Witz - CEO Conference Call Participants Stephen Laszczyk - Goldman Sachs Stephen Laszczyk All right. Great. Let's get started with our next session.
You might have woken up this morning to see Sirius XM Holdings (NASDAQ: SIRI) down a whopping 7% on early trading. And now, at time of publishing, it's back up over 4% in midday trading.
Sirius XM is trading more than 50% lower in 2024. The combination with its tracking shares also came with a reverse stock split and a hit to free cash flow.
Sirius XM completed its merger with Liberty Media's Sirius XM tracking stock and reverse split its stock. Management reiterated most of its prior guidance, with one big change.
Stock-split euphoria has played a key role in lifting Wall Street's major stock indexes to record-closing highs in 2024. When trading opens today, Sept.
Sirius XM was one of Berkshire Hathaway's stock purchases in the second quarter. The company is struggling amid competition from Spotify and YouTube.
Sirius XM (SIRI) closed at $2.91 in the latest trading session, marking a -0.68% move from the prior day.