source:marketwatch.com
CALGARY, Alberta, Jun 24, 2010 (GlobeNewswire via COMTEX) -- Emerging Stock Report, a leading provider of sector specific independent investment research, today initiated coverage on Sirius XM Radio, Inc. /quotes/comstock/15*!siri/quotes/nls/siri (SIRI 1.06, -0.01, -0.47%) . Emerging Stock Report is currently offering a complimentary trial subscription to the investment community.
To view the Report in its entirety visit: http://www.emergingstockreport.com
Showing posts with label SIRIUS XM stock. Show all posts
Showing posts with label SIRIUS XM stock. Show all posts
Emerging Stock Report Initiates Independent Research Coverage on Sirius XM Radio, Inc.
Time:
6/24/2010 10:43:00 AM
Sirius XM Stock Chart Continues Consolidation
Time:
6/21/2010 10:06:00 AM
By: Gino Lattarulo
source:kingofalltrades.com
Although Sirius XM Radio (NASDAQ:SIRI) has triggered a bearish signal by breaking through its rising triangle pattern, the stock action seems to be trading into a channel as outlined by one of two scenarios in a previous article . Let’s take a look at the daily and weekly charts again.
The Daily chart shows where Siri broke down through the rising triangle back in May but so far has not broken through major support levels. Instead it is trading within a .10 cent channel between .95 and 1.05 and has broken back up through a short term down trend. The break upward is not very significant because of the low volume, hence the channel. Considering the state of the market I think a channel is good news.
Moving to a simple weekly chart we can see a wider scope on the stock action. It appears to be continuing its consolidation as indicated on the narrowing triangle pattern. Further confirmation is shown in the way that the volume is tapering off again.
source:kingofalltrades.com
The Daily chart shows where Siri broke down through the rising triangle back in May but so far has not broken through major support levels. Instead it is trading within a .10 cent channel between .95 and 1.05 and has broken back up through a short term down trend. The break upward is not very significant because of the low volume, hence the channel. Considering the state of the market I think a channel is good news.
Moving to a simple weekly chart we can see a wider scope on the stock action. It appears to be continuing its consolidation as indicated on the narrowing triangle pattern. Further confirmation is shown in the way that the volume is tapering off again.
Auto sales increase will lead to Sirius XM shares rose
Time:
6/12/2010 09:34:00 AM
According to Efraim Levy, an analyst at Standard & Poor's, new U.S. vehicle sales should rise 12.7% to 11.7 million units in 2010, and another 15% to 13.5 million in 2011. "We expect industry-wide revenues and profits to improve significantly in both years," he wrote in a recent research note.
The company should continue to grow subscribers as U.S. car sales pick up with its service available in about 60% of new cars sold.
Mobile Internet-enabled devices could help SIRI’s growth.
Sirius shares were up 1.8% to 98 cents in recent trades, while E*Trade's stock, which underwent a reverse 1-for-10 split on June 2, was up 4% to $13.51 on Thursday. The performance of the stocks year-to-date is worlds apart with Sirius up more than 60% through Wednesday's close, and E*Trade down around 25%.
Sirius XM closed friday at $1.01.The moving averages of Sirius XM are all converging. When the EMA’s (Exponential Moving Averages) of Sirius XM converge it has traditionally been the signal for a bullish run up in stock price.
The company should continue to grow subscribers as U.S. car sales pick up with its service available in about 60% of new cars sold.
Mobile Internet-enabled devices could help SIRI’s growth.
Sirius shares were up 1.8% to 98 cents in recent trades, while E*Trade's stock, which underwent a reverse 1-for-10 split on June 2, was up 4% to $13.51 on Thursday. The performance of the stocks year-to-date is worlds apart with Sirius up more than 60% through Wednesday's close, and E*Trade down around 25%.
Sirius XM closed friday at $1.01.The moving averages of Sirius XM are all converging. When the EMA’s (Exponential Moving Averages) of Sirius XM converge it has traditionally been the signal for a bullish run up in stock price.
Sirius XM stock will rise by Auto Sales Bode Well
Time:
6/10/2010 11:15:00 AM
Sirius XM is up 1.4 percent or 0.017 on the day, trading at $0.9754. Shares were up at $1.25 a month ago but have dropped below $0.90 twice since then.
Sirius XM has deals with every major automaker to offer Sirius or XM satellite radios as factory or dealer-installed equipment in their vehicles. SIRIUS and XM radios are also offered to rental car company customers. The deals are "anchored by GM, Ford, Honda(HMC), Chrysler -- with Toyota particularly poised to become an increasingly important channel as well, as it ramps up factory installation," Amobi says.
Nasdaq Hot Stocks:Sirius XM's Reverse Split That Just Won't Die
Time:
6/04/2010 11:30:00 AM
Source:fool.com
Just in case Sirius XM stock (“SIRI”) drops below the Nasdaq-minimum $1, the shareholders have just voted to extend the option of doing a reverse split of as much as 1 share-for-25.
Sirius XM Radio (Nasdaq: SIRI) CEO Mel Karmazin has said that he is not interested in executing a reverse split, now that his company is back in compliance with Nasdaq OMX Group's minimum listing requirements.
Investors may have a different idea.
Last week's shareholder meeting delivered overwhelming approval of an extension for the authorization for a reverse split. Sirius XM now has 13 months to execute the move. It would have expired at the end of this month if stockholders had voted the proxy initiative down.
Just in case Sirius XM stock (“SIRI”) drops below the Nasdaq-minimum $1, the shareholders have just voted to extend the option of doing a reverse split of as much as 1 share-for-25.
Sirius XM Radio (Nasdaq: SIRI) CEO Mel Karmazin has said that he is not interested in executing a reverse split, now that his company is back in compliance with Nasdaq OMX Group's minimum listing requirements.
Investors may have a different idea.
Last week's shareholder meeting delivered overwhelming approval of an extension for the authorization for a reverse split. Sirius XM now has 13 months to execute the move. It would have expired at the end of this month if stockholders had voted the proxy initiative down.
Sirius XM: Now Radio app expands to Android Handsets
Time:
6/02/2010 11:07:00 AM
Today,Sirius XM Radio has released an Android version of its application that is currently available on Apple’s iPhone and iPod Touch.
Sirius XM adds the application is compatible with a variety of Android-powered devices including Motorola's Droid, HTC's Droid Incredible and Droid Eris, and Google Nexus One models. Upon downloading the free app, users can also register for a seven-day free trial to Sirius XM Premium Online.
Should we celebrate the arrival of Sirius XM in the fast-growing Android platform? Of course. The move brings satellite radio subscribers the most basic, and puts his right foot in the door. In the unlikely event that one day decides Sirius XM Satellite expensive to replace with a streaming model, which will have to be a force all smartphone platforms.
Sirius XM adds the application is compatible with a variety of Android-powered devices including Motorola's Droid, HTC's Droid Incredible and Droid Eris, and Google Nexus One models. Upon downloading the free app, users can also register for a seven-day free trial to Sirius XM Premium Online.
Should we celebrate the arrival of Sirius XM in the fast-growing Android platform? Of course. The move brings satellite radio subscribers the most basic, and puts his right foot in the door. In the unlikely event that one day decides Sirius XM Satellite expensive to replace with a streaming model, which will have to be a force all smartphone platforms.
Sirius: Lazard Capital Raises 2010 Estimates
Time:
5/22/2010 11:05:00 AM
Source:http://blogs.barrons.com/techtraderdaily/2010/05/21/sirius-lazard-capital-raises-2010-estimates/
Among the revisions, the satellite radio operator raised its 2010 net subscriber growth estimate by 250,000 to 750,000.
Today Crockett raised his 2010 subscriber growth figure to 754,000 from 613,000. He also now forecasts pro forma revenue of $2.76 billion, pro forma adjusted Ebitda of $598 million and free cash flow of $107 million, up from $2.73 billion, $597 million and $22 million, respectively.
Among the revisions, the satellite radio operator raised its 2010 net subscriber growth estimate by 250,000 to 750,000.
Today Crockett raised his 2010 subscriber growth figure to 754,000 from 613,000. He also now forecasts pro forma revenue of $2.76 billion, pro forma adjusted Ebitda of $598 million and free cash flow of $107 million, up from $2.73 billion, $597 million and $22 million, respectively.
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