Sirius XM Holdings Inc (NASDAQ:SIRI) stock is up 6.4% to trade at $26.47 today, one of the better stocks on the Nasdaq today.
This antiquated, off-the-radar company actually still has a great deal to offer certain sorts of investors.
Sirius XM Holdings (SIRI, Financial) experienced a stock movement today, with its price reaching $23.01 and seeing a percentage change of 1.23%. This movement comes shortly after the company's recent strategic decisions, including a reverse stock split and spinoff from Liberty Media, which have kept investors on edge.
A reverse stock split couldn't save the satellite radio stock.
The stock looks like a bargain and pays a nearly 5% dividend.
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.
Does Sirius XM's precipitous stock-price decline warrant a flyer?
SiriusXM expands beyond satellite, launching podcasts and AI-driven content, making the stock worth buying despite fierce competition.
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Over a dozen high-profile companies have announced or completed a stock split in 2024 -- but only one was of the reverse split variety. Unlike most companies conducting a reverse split, this stock was in no danger of having its shares delisted.
Sirius XM's stock has performed poorly for decades. Berkshire Hathaway owns about 31% of Sirius XM's shares.
Buffett understands Sirius XM's business. He no doubt views the company's management favorably.