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

Sirius XM Holdings (SIRI): The stock had negative money flow to the tune of ($9.16 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $30.11 million, whereas, the outflow of money on downticks was $39.27 million and the ratio between the two was 0.77. The block trade had a negative net money flow of ($5.11 million). The total block trade value undertaken on upticks was $3.54 million. On the other hand, downticks amounted to $8.65 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.41. Sirius XM Holdings (SIRI) closed with marginal gains of 1 cents to end the day at $4.18, an increase of 0.24% over the previous days close. The stock recorded 0.48% for the week.


Also, Telsey Advisory Group initiates coverage on Sirius XM Holdings (NASDAQ:SIRI). The rating major has initiated the coverage with market perform rating on the shares. The rating by the firm was issued on July 12, 2016.

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 $4.17 and $4.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.18, notching a gain of 0.24% for the day. The total traded volume was 42,948,133 . The stock had closed at $4.17 on the previous day.

The stock has recorded a 20-day Moving Average of 4.11% and the 50-Day Moving Average is 5.15%. In a related news, The director, of Sirius Xm Holdings Inc., Mooney James had unloaded 173 shares at $3.91 per share in a transaction on May 24, 2016. The total value of transaction was $676. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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