Shares in Sirius Satellite (SIRI) are trading down well over 6% today. There has not been any news, but the sell-off has moved the stock as low as $2.88.
Has the market heard rumors that the merger with XM Satellite Radio (XMSR) is in trouble? Or, has the slowing growth rate for subscribers driven off some of the company’s shareholders?
Douglas A. McIntyre
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