Should You Buy Sirius XM Holdings Inc (SIRI) Stock on Wednesday?

Sirius XM Holdings Inc (SIRI) stock has risen 0.31% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sirius XM Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SIRI!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With SIRI Stock Today?

Sirius XM Holdings Inc (SIRI) stock is down -2.09% while the S&P 500 has risen 0.08% as of 10:51 AM on Wednesday, Jul 28. SIRI has fallen -$0.14 from the previous closing price of $6.71 on volume of 8,832,104 shares. Over the past year the S&P 500 has risen 35.99% while SIRI has risen 9.68%. SIRI earned $0.06 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 112.27.

More About Sirius XM Holdings Inc

Sirius XM Holdings Inc 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. Click Here to get the full Stock Report for Sirius XM Holdings Inc stock.