SiriusXM Shares See Double-Digit Gain on Reverse Stock Split Amid Overall Down Week for Music Stocks ...Middle East

SiriusXM had its best week since December 2023 this week, leading all music stocks in a week when the losers outnumbered the winners two to one. Shares of the company jumped 12.3% to $2.93 following the company’s decision to conduct a 1-for-10 reverse stock split when it merges with the Liberty Media SiriusXM Group tracking stock later this year. SiriusXM gained 16.4% in the week ended Dec. 15, 2023. The reverse split is meant to boost SiriusXM’s beleaguered share price. After years of steady growth in its satellite radio business, the company has suffered declines in both revenue and satellite subscribers as it att

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Last updated : 22 June 2024 clock 03:36 AM

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SiriusXM Shares See Double-Digit Gain on Reverse Stock Split Amid Overall Down Week for Music Stocks ...Middle East

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