What's Going On With Sirius XM Stock
Portfolio Pulse from Henry Khederian
Sirius XM Holdings Inc (NASDAQ:SIRI) shares fell by 6.43% to $6.62 despite no company-specific news. The stock also dropped after multiple firms downgraded their rating following a rally. The company is set to report Q2 results on August 1, with earnings estimates of 7 cents per share and quarterly revenue of $2.24 billion.
July 24, 2023 | 1:58 pm
News sentiment analysis
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NEGATIVE IMPACT
Sirius XM's stock fell despite no company-specific news, and after multiple firms downgraded their rating. The company is set to report Q2 results soon.
The stock fell despite no company-specific news, indicating a negative market sentiment. The downgrades by multiple firms also contribute to the negative outlook. The upcoming Q2 results could potentially influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100