Investor News

SiriusXM held the proverbial line despite being down for the day.  The down move happened on lighter volume.  While there was risk of adding a second caution flag on the EMA chart, the equity closed at $3.83, just enough to keep the caution flag at bay. The second… → Read More

The markets demonstrated some concerns of their own, and SiriusXM was not immune.  The bad news is that the equity dipped to $3.86.  The good news is that it happened on lighter volume.  Essentially we saw some strength in the weakness today.  That strength being that there were… → Read More

SiriusXM is slowly working its way up to $4.  The equity closed at another new high yesterday on volume of almost 50 million shares.  What is not to like?  If I have one tinge of concern, it was that the volume dropped off slightly from the previous close…. → Read More

SiriusXM announced today that the company is seeking to refinance almost $600 million of 7.625% notes due in 2018.  The new notes do not yet have an interest rate, but likely it will be about 6% with the debt due in 2020.  Essentially this news points to the… → Read More

SiriusXM finally saw volume on an up day.  With 55 million shares traded, we were above the average, and above the previous session.  The great news in this is the establishing of a new support level forming strength in the $3.80’s.  We now have a moderately strong support… → Read More

The term “test the waters” is a pretty good way to describe what is happening.  Have you ever gone to the beach early in the season.  Likely you don’t just run and jump into the water (unless you are a kid).  Instead, you go down to the shore… → Read More

We had a very no-nonsense day with SiriusXM.  The equity stayed range bound and did not really offer up any hint as to when the next move will happen.  Just like the pricing action, the volume stayed in a narrow range.  We are not seeing weak volume, but… → Read More

Well, there is nothing real compelling at the moment in the technicals that points to much on the down side.   That is great news.  The risk involved here currently points to the fact that there is very strong support at $3.74, and this equity seems to be… → Read More

While showing strength is good, it is not driving the equity.  Essentially, what we are seeing is strength in the current range with small busts to new 52 week highs.  The biggest problem is that we are not seeing big volume to the upside.  The other issue is… → Read More

The good news is that SiriusXM has shown enough strength to test 52 week highs.  The bad news is that it is happening on lower volume, thus an upward move beyond $3.85 needs some confirmation.  The S&P has been up 5 days in a row, and therefore SiriusXM… → Read More