Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) traded at a new 52-week high today of $8.14. So far today approximately 4.7 million shares have been exchanged, as compared to an average 30-day volume of 26.5 million shares.
SiriusXM Holdings is now composed of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee. The firm’s radios come preinstalled on a wide range of light vehicles in the U.S. and Canada. The firm acquired Pandora Media in February 2019 via an all-stock transaction. Pandora is a streaming music platform that offers an ad-supported radio option and a paid on-demand service. Liberty Media owns 68% of SiriusXM, traded through its Liberty SiriusXM Group tracking stock.
Sirius XM Holdings Inc. (NASDAQ:SIRI) is currently priced 28.0% above its average consensus analyst price target of $5.00.
In the past 52 weeks, shares of Sirius XM Holdings Inc. have traded between a low of $4.11 and a high of $8.14 and is now at $6.94, which is 69% above that low price.
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