Two of this year's most unique stock splits appear to be headed in opposite directions.This has been nothing short of a phenomenal year for Wall Street and the investing community. The ageless Dow Jones Industrial Average, benchmark S&P 500, and growth stock-focused Nasdaq Composite have respectively delivered gains of 19%, 26%, and 27%, as of the closing bell on Nov. 27, as well as hit multiple record-closing highs.While the artificial intelligence (AI) revolution has been undeniably important in lifting t ...

It's been about 59 years since Warren Buffett took the helm at Berkshire Hathaway. He paid roughly $14.86 per share in 1965 to take control of the holding company. These days, the A-class shares, which have never split, trade for more than $700,000, making Buffett arguably the best stock picker of the past six decades.Buffett has done a lot more selling than buying lately, but one stock he's enthusiastically accumulated over the past year belongs to America's only satellite radio provider, Sirius XM Holding ...

A New York state judge ruled Thursday (Nov. 21) that SiriusXM must change its subscription cancellation policies and pay unspecified damages.Justice Lyle Frank found that the company’s policies violate the federal Restore Online Shoppers’ Confidence Act, Reuters reported Friday (Nov. 22).New York Attorney General Letitia James brought the suit, alleging that SiriusXM makes it too hard for customers to cancel subscriptions, according to the report.When ruling on the case, Frank said the company made it “clea ...

A New York state judge found SiriusXM Holdings liable in New York Attorney General Letitia James’ lawsuit accusing the satellite radio and streaming company of making it too hard for customers to cancel subscriptions.While rejecting claims alleging fraud and deceptive practices, Justice Lyle Frank of the state Supreme Court in Manhattan said Sirius’ policies violated the federal Restore Online Shoppers’ Confidence Act.Frank said Sirius made canceling subscriptions “clearly not as easy” as signing up, by req ...

SiriusXM (SIRI) is navigating a critical transition phase as it emerges as a fully independent public company following its separation from Liberty Media. While the company aims to reach ambitious targets of 50 million subscribers and $1.8 billion in free cash flow, current market conditions and valuation metrics suggest investors might want to exercise caution. The company's trailing 12-month P/E ratio of 16.52X, significantly above the Zacks Broadcast Radio and Television industry average of -181.32X, rai ...

Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and access to community chat and direct chat with Mark for questions. Learn moreAnalyst’s Disclosure: I/we have a beneficial long position in the shares of SIRI-DEFUNCT-102 either through stock ownersh ...

It's been cut in half in 2024. Next year should be a lot better. It's been a rough year for Sirius XM Holdings (SIRI 5.01%) investors. Shares of the satellite radio operator have been cut in half this year, making it one of this year's worst mid-cap investments. A lot has gone wrong for the country's satellite radio monopoly in 2024. Its subscriber base is shrinking, and a tracking stock conversion and subsequent reverse split did not go well. But things should get better from here. Let's go over some of th ...

Curious about Sirius XM's big gains last month? Here's how a long-planned restructuring took its final step in October.Shares of Sirius XM Holdings (SIRI -6.22%) rose 12.7% in October 2024, according to data from S&P Global Market Intelligence. The embattled satellite radio giant reported earnings near the end of the month, but that wasn't the needle-moving event. Instead, the stock gained more than 18% in the first two weeks of last month thanks to the completion of a corporate reorganization.How Liberty ...

Sirius XM Holdings (SIRI) reported a third-quarter 2024 loss of 84 cents per share. The Zacks Consensus Estimate for earnings was pegged at 75 cents per share. The company reported earnings of 90 cents per share in the year-ago quarter.Total revenues, on a reported basis, declined 4.4% year over year to $2.17 billion and missed the consensus mark by 0.91%.In the reported quarter, Sirius XM completed its transaction with Liberty Media and emerged as a fully independent public company. The company is set to r ...

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