Sirius XM Radio Inc. (NASDAQ: SIRI) is seeing some elevated trading and it looks like the average daily volume may be hit before the noon hour today. As of 9:49 AM EST we have seen some 37 million shares trade hands and the drop is by 7% at $0.535. Average volume is about 50 million shares and the recent highs were $0.78. The WSJ called the stock ‘Not yet a Buy’ this morning. And then there is word of all the insider selling taking place soon. JON OGG
Wednesday, October 7, 2009
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