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Stock impact report

Why SiriusXM Radio Stock Lost 28% in September [Yahoo! Finance]

Liberty Media Corporation - Series A Liberty Braves (BATRA) 
US:NASDAQ Investor Relations: ir.libertymedia.com/stock-information
Company Research Source: Yahoo! Finance
Shares of Sirius XM Holdings (NASDAQ: SIRI) were heading lower last month as investors seemed to balk at its reverse split after it was spun off from Liberty Media Some Wall Street analysts also weighed in with mixed commentary on the stock. According to data from S&P Global Market Intelligence , the stock finished September down 28%. As you can see from the chart, the stock fell sharply in the first half of the month as the broad market pulled back and as investors anticipated the reverse split. SiriusXM goes in reverse The major news with SiriusXM last month was its reverse split and spinoff from Liberty Media. On Sept. 9 after markets closed, Liberty Sirius XM Holdings spun off and merged with Sirius XM Holdings, becoming an independent company from Liberty Media. At the same time, the stock went through a 1-for-10 reverse stock split to get its stock price out of penny-stock range, and the transaction also reduced its shares outstanding by 12%, helping to lift the sto Show less Read more
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