United

Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Sirius XM Holdings Inc (NASDAQ: SIRI) stock lost over 14% of its prices on July 25 trading session. </a> </li> 
 <li> <span>2</span> <a>After losing 14% intraday, SIRI stock is ranked among the top 100 losers of Nasdaq.</a> </li> 
</ul> 
<p>Sirius XM Holdings Inc. (NASDAQ: SIRI) stock lost over 14% of its prices on July 25 trading session; it opened trading at $5.96, lowering to $5.07 it hit a high of $5.98 and closed trading at $5.13 with intraday trading volume of 44.714 Million.&nbsp;</p> 
<p>However, weekly, monthly, and quarterly SIRI stock reflected an impressive upper movement of 3.85%, 38.65%, and 40.55%. As per estimation yearly price target of the stock is $4.62, which is approximately 10% less than the current trading prices.&nbsp;</p> 
<p>In the past two trading sessions, sellers seemed more active than buyers. It is believed that some giant investor might have exited its fund, which led to a sudden drop in SIRI .&nbsp;</p> 
<p>In the 52 weeks time frame, Sirius XM Holdings Inc.’s stock lowest traded price was $3.32, and its highest trading price was $7.95. Its market capitalization is $19.845 Billion, and the stock’s average trading volume is 45.964 Million.&nbsp;</p> 
<h2 class="wp-block-heading alignwide" id="strong-price-analysis-of-siri-stock-strong"><strong>Price Analysis of Siri Stock</strong></h2> 
<p>Starting from July 17 till July 21, buyers constantly dominated sellers, and on July 20, the stock traded pretty well as it hit a fresh 52-week high in the same trading session.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/fKpgLDpJekJEJY93jkIvYFtsO2SvUhlxIaod5Bp3AnlEv93bAZqFoFpsaaF4XR6lNAvOKr_SDqNUSG1ez6OkIW096cHsTmmGaHfoBiVXYoP1VGYdGfNn4FCdoJYxmiLbeY6JRrG43aTcLepjLduIPgA" alt="SIRI Stock Lost 14% Intraday; Sellers Hindering Buyers' Path"> 
  <figcaption class="wp-element-caption">
    Source: SIRI stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>Chart analysis reveals that buyers are likely to dominate sellers once again in the coming sessions, and that the price might face immediate resistance of $7.42.&nbsp;</p> 
<p>In the reverse situation, if sellers continued their action, then the price might face immediate support of $4.72. SIRI stock is ranked among the top 100 losers of Nasdaq, and analysts also degraded their ratings.</p> 
<p>On July 20, SIRI surged in the upwards, breaking all expectations, and at that time, analysts claimed that the sudden rise in the price would not sustain for a longer time and might fall in the coming session.</p> 
<h3 class="wp-block-heading" id="strong-sirius-xm-holdings-inc-earnings-revenue-strong"><strong>Sirius XM Holdings Inc. Earnings &amp; Revenue&nbsp;</strong></h3> 
<p>In Q1 2023, <a href="https://www.thecoinrepublic.com/2023/07/22/sirius-xm-price-prediction-is-it-time-to-sell-siri-stock/" target="_blank" rel="noopener noreferrer nofollow">Sirius XM Holdings Inc. </a>reported significantly less revenue than estimated figures. As per analysts, the company was supposed to report $2.17 Billion in revenue but reported $2.14 Billion.&nbsp;</p> 
<p>For Q2 and Q3 2023, the company’s estimated revenue is $2.24 Billion and $2.28 Billion. Sirius XM Holdings Inc.’s Earning Per Share reflected a steep decline of 8.51% as the estimation company is supposed to report $0.07.&nbsp;</p> 
<p>From the reported revenue of Q1 of the company, gross profit was $894 Million; operating income was $444 Million; pretax income was $308 Million, and net income was $233 Million.&nbsp;</p> 
<p>According to TradingView, 649.957 Million SIRI shares are free-floating, and $3.218 Billion shares are closely held by the company’s financial backers or the boards of directors. The company is operating primarily in the United States.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

SIRI Stock Lost 14% Intraday; Sellers Hindering Buyers’ Path

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Thecoinrepublic.com

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