Sirius XM Stock Has a Lot to Prove This Week
There's a lot riding on Sirius XM Holdings (NASDAQ: SIRI) as it heads into its latest financial update this week. The satellite radio provider will serve up its second-quarter results on Tuesday morning, ahead of the market open.
There are a lot of moving parts to this report. For starters, this will be the first full quarter with Pandora under its belt. Sirius XM completed its purchase of the streaming music service at the end of January. Sirius XM shares also stumbled last time out, tumbling 7% the day it posted its first-quarter numbers. It's also worth pointing out that after 10 consecutive years of positive returns that the shares are trading higher in 2019, pushing the streak to 11 years if the gains hold up. A lot can happen in the next five months and change.
Image source: Sirius XM Holdings.
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