Stock in Wall Street Spotlight: Sirius XM Holdings Inc. (SIRI)

Sirius XM Holdings Inc. stock identified change of 4.74% away from 52-week low price and recently located move of -25.45% off 52-week high price. It has market worth of $24820.96M and dividend yield of 0.87%. SIRI stock has been recorded -5.05% away from 50 day moving average and -12.48% away from 200 day moving average. Moving closer, we can see that shares have been trading -3.75% off 20-day moving average.

Sirius XM Holdings Inc. (NASDAQ: SIRI) reported that its Board of Directors declared a regular quarterly cash dividend of $0.0121 per share of common stock, payable in cash on February 28, 2019 to stockholders of record at the close of business on February 11, 2019.

In addition, SiriusXM declared that its Board of Directors has approved an additional $2 billion of common stock repurchases, taking the Company’s total authorization to $14 billion since the inception of the program in early 2013. Shares of common stock may be purchased from time to time on the open market and in privately negotiated transactions, including in accelerated stock repurchase transactions and transactions with Liberty Media and its affiliates. The Company will fund the repurchases through cash on hand, future cash flow from operations and future borrowings.

The announcement of the extension of the repurchase program reflects the Board’s desire to continue to return value to stockholders and its confidence in the long-term growth prospects of the Company’s business. SiriusXM retains sufficient capital capacity to continue making long-term investments in its programming, research and development initiatives and overall operations, as well as to pursue strategic opportunities that may arise.

Repurchases will be made in compliance with all SEC rules and other legal requirements and may be made in part under a Rule 10b5-1 plan, which permits stock repurchases when the Company might otherwise be precluded from doing so.

 The Services sector company, Sirius XM Holdings Inc. noticed change of -0.17% to $5.74 along volume of 33709092 shares in recent session compared to an average volume of 26610.47K. The stock observed return of -1.88% in 5 days trading activity. The stock was at 0.17% over one month performance. SIRI’s shares are at -0.86% for the quarter and driving a -4.01% return over the course of the past year and is now at 0.53% since this point in 2018.   The average volatility for the week at 2.74% and for month was at 2.82%. There are 4324.21M shares outstanding and 1174.67M shares are floated in market. Right now the stock beta is 1.07.

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