Sirius XM's Winning Streak Is About to End in 2020

A lot of companies and investors will look back on 2020 as a highly unusual year, but it's shaping up to be a bit more bitter of a mile marker for Sirius XM Holdings (NASDAQ: SIRI). Shares of the satellite radio giant are trading 18% lower through Tuesday's close. There's no shortage of stocks trading lower this year, but for Sirius XM, this would be the first time in more than a decade that it delivers negative returns to its shareholders. 

Sirius XM stock plummeted a crushing 96% in 2008, stung by the global financial crisis as well as its own potential collapse as it waited for regulators to approve the combination of Sirius and XM. It's been blue skies ever since, with the shares delivering dividend-adjusted gains for 11 consecutive years. With the stock in a significant hole nearly two-thirds of the way through 2020, it's starting to look as if the spectacular run of positive annual returns will end here. 

Katy Perry on Sirius XM. Image source: Sirius XM Holdings.

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Source Fool.com