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News
Sirius XM is expected to appeal the Nasdaq notice for de-listing
Even though Sirius XM stock (SIRI) breached the $1 barrier for one eight-day period (February 18-26), it did not stay above the $1 mark long enough to avoid the threat of being de-listed from the Nasdaq exchange. Reuters reports that Siriux XM will likely appeal any de-listing notice and seek a six-month extension. Sirius XM did receive some positive news from the analysts tracking its stock. BGB Securities analyst Murray Arenson keeps his “Buy” rating on Sirius, with a stock price target of $1.15, while Barrington Research analysts James Goss and John Hain have a $1.25 12-month price target on it. Sirius XM stock has climbed 50% over the last 12 months. You can track Sirius XM stock here.
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