Sirius XM Performed for Investors on Earnings, But Can the Stock Rock and Roll?
Sirius XM Holdings (NASDAQ: SIRI) released its earnings report for the third quarter of 2021 on Oct. 28. Despite higher earnings and signs that its growth could continue, the stock price for the satellite radio provider experienced little movement on the following trading day.
Although it continues to offer more solid financial results than rival Spotify (NYSE: SPOT), the stock for Sirius XM doesn't seem to have connected with the public as well as its rival in past years. However, Sirius XM has focused increasingly on service outside of the car, ad sales, and exclusive content offerings. The question for investors is, does that serve as the catalyst Sirius XM needs to finally deliver for investors?
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Source Fool.com
