DALLAS, June 13, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Sirius XM Radio Inc. (Nasdaq:SIRI). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
Sirius XM Radio Inc. (SIRI) is a New York-based satellite radio company, broadcasting more than 135 channels of commercial-free music, and premier sports, news, talk, entertainment, traffic, weather and data services to more than 20 million subscribers in cars, trucks, boats and aircraft, and through a wide range of mobile devices. It offers an array of content from some of the biggest names in entertainment, as well as from professional sports leagues, major colleges, and national news and talk providers. Sirius XM programming is also available at sirius.com and xmradio.com, and on Apple iPhone and iPod touch, BlackBerry and Android-powered mobile devices using the Sirius XM Premium Online App. The Company has arrangements with every major automaker and its radio products are available at retail locations nationwide, as well as shop.sirius.com and shop.xmradio.com. SIRI achieved a record-high subscriber base of 20.2 million for 2010.
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In the report, the analyst notes:
"Shares of SIRI slipped on Friday as Internet radio company Pandora Media Inc. boosted the size of its initial public offering by 1 million shares to 14,684,000 shares. Meanwhile, the expected price range jumped from $7-$9 to $10-$12 apiece, as reveled in the filing. Pandora Media plans on going public June 14."
"The stock has so far reached a 52-week high of $2.44, its 52-week low being $0.90. Over 81 million shares have traded hands during the session, versus the 10-day average volume of almost 118.11 million. SIRI is currently below its 50-day moving average of $2.15 and above its 200-day moving average of $1.77."
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