Sirius XM Radio Nasdaq : SIRI Pushing Towards One Dollar
Sirius XM Radio Inc.’s stock, Nasdaq:SIRI, is up again Monday morning to .76, up from .05 just a few months ago. Sirius radio was once feared of going bankrupt, now seems to have all severe debt problems behind them and are moving in the right direction.
SIRI is up 70% over the past month, compared to small 2% climb of the NASDAQ exchange. Sirius XM SIRI looks like it is not slowing down, and perhaps will reach well above the dollar mark by this time next week. Sirius XM Radio has full hope in Mel Karmazin as he was given a new contract with an accompanying raise in July, largely on the grounds that he saved the company from impending bankruptcy.
Sirius XM Radio ( Nasdaq : SIRI ) is up 100% over the past three months, up over 400% over the past six months, signaling the trend will continue. Pre-market Monday morning Sirius is trading at 0.760 +0.058 (8.22%) Stay tuned here, as we will bring you news as it comes.
Comment by Alexander Nobles on 24 August 2009:
Check out Schiff’s books in the sidebar!
Comment by thevoice@voicedup.com on 24 August 2009:
The new Ipod dock should help get the stock over $1. It should be released this week on Wednesday.
Comment by daytrader on 24 August 2009:
sell sell sell, i say get your money out while you can, you can always buy it back next week when it goes back to, may be 48 cents.
Comment by bob on 24 August 2009:
anyone who sells now is a fool. stay in it if you bought below $.60 and go long. you’ll laugh all the way to early retirement on this one.