SIRIUS XM Radio Inc. (NASDAQ: SIRI) is trading higher after traders are taking a glass half-full approach this morning after it beat earnings estimates. We have a full summary on that over at 24/7 Wall Street. The indications are getting even higher than earlier as shares at 9:28 AM EST are up 10% at $0.6729 on about 4.5 million shares. This average volume of 47 million shares should get hit early today, particularly since CNBC’s David Faber is interviewing CEO Mel Karmazin and he is likely to appear on other media spots as well. The year high is $0.78 on SIRIUS XM stock.
JON C. OGG
No comments:
Post a Comment