Major Down Price/Volume Alert: Sirius & XM (SIRI, XMSR)
Posted in General by: adminJune 19th, 2008
Satellite radio stocks are being murdered in the pre-market session. Sirius Satellite Radio Holdings Inc. (NASDAQ: SIRI) and on XM Satellite Radio Holdings inc. (NASDAQ: XMSR) saw their price targets slashed by Goldman Sachs this morning. XM is trading down at $9.55 with about 10 minutes to open and it has traded over 180,000 shares. Sirius is down 5.6% at $2.29 in early trading on 1.2 million shares with 10 minutes to the open.
Both stocks are putting in 52-week lows right before the open this Thursday morning.
Jon C. Ogg
June 19, 2008
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ITS A GOOD BUY NOW
on June 19th, 2008 at 3:16 PJun