Is Sirius XM Stock Built to Outlast Coronavirus?

Consumer-facing stocks have been getting crushed in the past couple of weeks, and Sirius XM Holdings (NASDAQ: SIRI) isn't immune to the malaise. With shares of the satellite radio provider opening at $6.12 on Wednesday morning, we're talking about a 17% hit since its 52-week highs just three weeks ago.

A 17% haircut during one of most brutal market sell-offs in years may not seem so bad, but it's as good a time as any to assess if Sirius XM is a buying opportunity or not. Investors have been assessing their portfolios to see how individual stocks will fare during the coronavirus outbreak. Let's see how Sirius XM can handle the flurry of headwinds as it cashes in on some potential tailwinds in this financial storm.

Image source: Sirius XM Holdings.

Source Fool.com