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Updated · MarketWatch · May 6Sirius XM stock rises 1.06%, snapping two-day losing streak
7 articles · Updated · MarketWatch · May 6
- Shares closed at $26.68 on Wednesday as the Nasdaq gained 2.02% to 25,838.94 and the Dow rose 1.24% to 49,910.59.
- The stock remained 7.26% below its 52-week high of $28.77 reached on 23 April and lagged gains by Alphabet's Class C and A shares and Meta Platforms.
- Trading volume reached 5.2 million shares, above its 50-day average of 4.9 million, indicating heavier activity during the broader market rally.
Can SiriusXM's pivot to creator IP and video podcasts successfully capture Gen Z audiences from rivals like Spotify and YouTube? Will the SiriusXM-iHeartMedia merger save legacy radio or create a monopoly that harms creators and listeners?