This post was originally published on this site
The decline in Sirius XM’s stock price puts it $3.35 below its 52-week high of $7.95, achieved on July 20, 2023. Sirius XM’s performance lagged behind other tech giants such as Alphabet (NASDAQ:GOOGL) Inc.’s Class C and Class A shares, and Meta Platforms Inc (NASDAQ:META)., all of which posted relatively smaller losses.
Trading volume for Sirius XM remained significantly below its 50-day average volume. This trend suggests a decrease in investor interest in the company amidst the current market conditions.
According to InvestingPro Data, Sirius XM has a market capitalisation of $17.68 billion with an adjusted P/E ratio of 15.54.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
