3 Reasons to Get Excited About Sirius XM Stock, Again
One of this year's surprising losers is Sirius XM Holdings (NASDAQ: SIRI). Shares of the satellite-radio monopoly are trading 16% lower in 2020 through Thursday's close.
Sirius XM is having a rough year and it isn't a surprise. It's a satellite-radio provider in a pandemic. Considering diminished driving trends, sluggish new-car sales, and the recession, there are several headwinds keeping the media stock in check.
The real surprise here is that if Sirius XM closes out the year with a loss, it would be the first time since 2008 that shareholders don't achieve positive returns from the stock. There aren't too many other stocks out there with an 11-year streak of gains, but every winning run has to end sometime.
Source Fool.com
