Since June 21, Sirius (SIRI) shares are up 13%. There is no significant news about the company. Its merger with XM (XMSR) still looks iffy.
The company will announce earnings at the end of July. There is some speculation that subscriber growth could be a little better than expected, but earnings probably won’t be.
The issues of company debt and a needs for additional cash may still exist.
in other words, there may be more pressure down than up over the next few weeks.
Douglas A. McIntyre
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