Large Outflow of Money Witnessed in Sirius XM Holdings

Sirius XM Holdings (SIRI): The stock had negative money flow to the tune of ($5.91 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $23.99 million, whereas, the outflow of money on downticks was $29.9 million and the ratio between the two was 0.8. The block trade had a negative net money flow of ($2.81 million). The total block trade value undertaken on upticks was $3.7 million. On the other hand, downticks amounted to $6.51 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.57. Sirius XM Holdings (SIRI) closed with marginal gains of 5 cents to end the day at $4.21, an increase of 1.2% over the previous days close. The stock recorded 1.2% for the week.


Sirius XM Holdings (SIRI) : The most positive equity analysts on Sirius XM Holdings (SIRI) expects the shares to touch $5, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $4.72 with an expected fluctuation of $0.4 from the mean.

Sirius XM Holdings (NASDAQ:SIRI): stock turned positive on Friday. Though the stock opened at $4.17, the bulls momentum made the stock top out at $4.22 level for the day. The stock recorded a low of $4.15 and closed the trading day at $4.21, in the green by 1.20%. The total traded volume for the day was 31,966,093. The stock had closed at $4.16 in the previous days trading.

In a related news,The director of Sirius Xm Holdings Inc., Mooney James sold 173 shares at $3.91 on May 24, 2016. The Insider selling transaction had a total value worth of $676. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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