Sirius Radio’s Stock Nasdaq: SIRI up 25% in one Month
( Nasdaq: SIRI) is up 25% over a one month period. Sirius XM Radio’s stock has been up 25% when in the same time, the DOW is down 3%, and the Nasdaq is almost down 4%. It has been not been a bright for stocks, specifically bank stocks which are losing most of their monthly gains due some political news.
Advanced reports indicating that Sirius XM Radio will report their first profit, has shot the stock up. Accompanying this has been many upgrades, as analysis realize the worry is behind them, and actually the rise up has begun. Sirius Xm’s strength as of late, is proof that people still need music even when the economy is bleak. SIRI today alone is up 4% as of writing, a key indication that the economy does not matter, speaking the State of the Union is tonight. Which most of us know, is not that good. Year to date Sirius XM Radio is up 22%, a very healthy amount. How long will the up continue? Depends on how many profit takers there are.
Sirius XM Radio Inc. (Public, NASDAQ:SIRI)