Sirius XM shares on pace for largest single day percentage decline in three years
Shares of Sirius XM Holdings Inc. (SIRI) are on pace for their largest single day percentage decline in three years. The stock is down 13.4% Monday, putting it on track for its largest percentage decline since March 16, 2020, when it fell 13.9%, according to Dow Jones Market Data. Last week several analysts said a recent Sirius XM stock surge was out of step with the radio and streaming company's profitability and urged investor caution. Sirius XM's stock has surged 62.4% in the last three months, outpacing the S&P 500 index's gain of 10.2%.
-James Rogers
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07-24-23 1437ET
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