Price Target Update on Sirius XM Holdings (NASDAQ:SIRI)

Sirius XM Holdings (NASDAQ:SIRI) : 11 Wall Street analysts covering Sirius XM Holdings (NASDAQ:SIRI) believe that the average level the stock could reach for the short term is $4.69. The maximum price target given is $5 and the minimum target for short term is around $4, hence the standard deviation is calculated at $0.43.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Macquarie maintains its rating on Sirius XM Holdings (NASDAQ:SIRI).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Macquarie raises the new price target from $4.75 per share to $4.85 per share. The rating by the firm was issued on January 5, 2016.

Sirius XM Holdings (NASDAQ:SIRI): stock turned positive on Thursday. Though the stock opened at $3.97, the bulls momentum made the stock top out at $4.01 level for the day. The stock recorded a low of $3.95 and closed the trading day at $4, in the green by 1.14%. The total traded volume for the day was 51,563,684. The stock had closed at $3.955 in the previous days trading.

The company shares have rallied 3.66% from its 1 Year high price. On Nov 23, 2015, the shares registered one year high at $4.20 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $3.95 and the 200 Day Moving Average price is recorded at $3.86. On the companys insider trading activities, Mooney James, director of Sirius Xm Holdings Inc., unloaded 173 shares at an average price of $3.91 on May 24, 2016. The total amount of the transaction was worth $676, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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