3 Things Sirius XM Needs to Do to Get Back on Track in 2021
Shares of Sirius XM Holdings (NASDAQ: SIRI) are slumping in 2020. Many stocks have been inching higher since the initial springtime pandemic sell-off, but the satellite radio monopoly is going the other way. Sirius XM stock hit a fresh five-month low on Monday.
The stock is trading 28% lower year to date through Monday's close, a pretty big deal since Sirius XM shares have delivered 11 consecutive years of positive returns until now. The streak will come to an end, but that doesn't mean the end is here for one of the hottest media stocks over the past decade. Let's go over some of the things Sirius XM will need to get right in the year ahead to start winning again.
Image source: Sirius XM Holdings.
Source Fool.com
