Is Sirius XM Stock Finally Ready to Bounce Back in 2024? [Yahoo! Finance]
Liberty Media Corporation - Series A Liberty SiriusXM (LSXMA)
Last liberty media corporation - series a liberty siriusxm earnings: 11/8 08:15 am
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Source: Yahoo! Finance
Sirius XM Holdings (NASDAQ: SIRI) has now completed its combination with media mogul John Malone's controlling stake in the satellite radio platform. The Liberty Sirius XM Group tracking shares that were a distraction and historically traded at a wide discount to the common shares were officially absorbed into the main company after Monday's market close. There will be some transitory confusion. The 1-for-10 reverse stock split that took place at Tuesday's opening may prove jarring, especially given the poor fate of most companies that have chosen to go this typically desperate route for listing eligibility purposes. The share count itself isn't expanding, but with a larger float of Sirius XM it could impact near-term trading behavior on the long and short side
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