NASDAQ Stock Sirius XM Radio Inc. (SIRI)

{ Posted on Jan 17 2012 by Ian Decker }
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Categories : All, General Commentary, investorsoup

Shares of Sirius XM Radio Inc. (NASDAQ: SIRI), a satellite radio company engaged in broadcasting music, sports, news, talks, entertainment, traffic and weather channels in the U.S., rose in Friday’s trading session.

Sirius shares rose to an intra-day high of $2.17 on Friday before finishing the day 1.42% higher at $2.14. In the last three trading sessions, Sirius shares have gained 4.39%.

Sirius XM Radio announced earlier this month at a conference call that it ended 2011with approximately 21.9 million subscribers. Sirius, which broadcasts more than 135 satellite radio channels, reported that it added approximately 540,000 net new subscribers in the fourth quarter of 2011.

For the full year, 2011 the company added approximately 1.7 million net new subscribers. Mel Karmazin, CEO of Sirius XM, said that based on preliminary subscriber data, the company is very pleased to announce that it exceeded its subscriber guidance for the year.

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This entry was posted on Tuesday, January 17th, 2012 at 9:40 am and is filed under All, General Commentary, investorsoup. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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