Investor News

Standard & Poor’s Ratings Services said today that its rating and outlook on SiriusXM Radio Inc. (BB/Stable/–) is not currently affected by the announcement that the company’s CEO Mel Karmazin will depart on Feb. 1, 2013.  The announcement from the ratings agency seems to mirror market sentiment as… → Read More

Well, we made it through an interesting day.  The Karmazin news was absorbed and the equity should be back on a somewhat normal track considering that earnings is fast approaching.   This is underscored by the fact that the volume was not massive. Despite the roller coaster of… → Read More

Things seem to be happening in waves.  Some volume has returned, and the equity made a run up above $2.90.  Looking at the action I have more confidence than ever that this equity will not pass $2.95 today, and that the bottom range for the rest of the… → Read More

SiriusXM dipped down but did not break $2.85.  The bounce brought it back up to about $2.90.  Key level at $2.90.  I do not see this getting past $2.95 in today’s action, and it appears that $2.85 might be the floor.  Karmazin news has, for the most part,… → Read More

The volume is easing up and with it the stock is pulling back.  Pay close attention at $2.85 to see if there is a bounce there.  If the equity breaks $2.85 I see $2.80 in the cards.

It goes without saying that predicting the market reaction to news is an arduous task.  In early action we have the equity actually testing $2.90 and even popping up above it, a move that I did not expect.  This presents an interesting dynamic.  I still feel that this… → Read More

Yesterday’s news that SiriusXM CEO Mel Karmazin is stepping down was somewhat of a surprise.  The fact that he may leave was not the surprise, but rather the timing of the announcement and the fact that a transition period has already been identified.  Effective February 1, 2013, Karmazin’s… → Read More

It will be interesting.  Looking at the per-market, it appears SIRI will open above $2.80.  If I were a trader I would be selling and looking to re-enter at $2.80.  If there is heavy volume down , I would look for $2.75 and so on. This is big… → Read More

If you are an active reader of SiriusBuzz you already know the answer to this question, and what it means to the equity.  If you are new here, you should be able to catch on quickly.  SiriusXM traded down today on moderate volume.  There are actually a few… → Read More

SiriusXM Radio today announced that its CEO Mel Karmazin will be leaving the company.  Karmazin informed the Board of Directors of his decision and the announcement was made today after the market closed.  Karmazin was at the helm of SiriusXM from 2005 and was integral in getting Sirius… → Read More