Shares of Sirius XM Holdings (NASDAQ:SIRI) Sees Large Outflow of Money

Sirius XM Holdings (NASDAQ:SIRI): The stock had negative money flow to the tune of ($6.71 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $28.8 million, whereas, the outflow of money on downticks was $35.51 million and the ratio between the two was 0.81. The block trade had a negative net money flow of ($1.34 million). The total block trade value undertaken on upticks was $5.28 million. On the other hand, downticks amounted to $6.62 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.8. Sirius XM Holdings (NASDAQ:SIRI) closed with marginal gains of 9 cents to end the day at $3.92, an increase of 2.35% over the previous days close. The stock recorded 1.03% for the week.


In an insider trading activity, 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. Currently the company Insiders own 0.9% of Sirius XM Holdings shares according to the proxy statements. Institutional Investors own 21.55% of Sirius XM Holdings shares.

The company shares have rallied 2.13% 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 $3.94 and the 200 Day Moving Average price is recorded at $3.85. Sirius XM Holdings (NASDAQ:SIRI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.87 and $3.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.92, notching a gain of 2.35% for the day. The total traded volume was 47,483,821 . The stock had closed at $3.83 on the previous day.

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