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Updated · MarketWatch · May 8Sirius XM stock rallies for third straight day
8 articles · Updated · MarketWatch · May 8
- Shares rose 1.31% to $27.10 on Friday as the Nasdaq gained 1.71% and the Dow edged up 0.02%.
- The stock finished 5.80% below its 52-week high of $28.77 reached on 23 April and outperformed Alphabet's two share classes and Meta Platforms.
- Trading volume was 2.8 million, about 2.1 million below its 50-day average of 4.9 million, indicating the advance came on lighter-than-usual activity.
With price targets ranging from $24 to $72, is Sirius XM stock a huge bargain or a value trap? Will regulators block a potential $12B merger between audio giants Sirius XM and iHeartMedia? Can new podcast deals and a YouTube partnership save Sirius XM from its declining subscriber base?