Why Sirius XM Jumped 13% in November
Shares of Sirius XM (NASDAQ: SIRI) jumped 13.3% in November, according to data from S&P Global Market Intelligence. That move sent the satellite radio stock from $5.73 per share to $6.49 during the month.
For context, Sirius XM shares are still down 9% for the year through November, but were down about 38% during the March lows due to the COVID-19 pandemic.
During November, Sirius XM announced a major push into original and exclusive podcasts. Subscribers now have access to a number of exclusive podcasts from the Marvel universe as well as several other podcasts. These include over 60 original podcasts from Stitcher, which Sirius XM acquired earlier this year, including Conan O'Brien Needs a Friend and Freakonomics Radio.
Source Fool.com
