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Sirius XM Stock Skyrockets: What's Behind the Surge?

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Source: Barron's
Sirius XM Stock Skyrockets: What's Behind the Surge?
Photo: Barron's
TL;DR

Sirius XM Holdings stock experienced a sudden surge of 42% due to a combination of factors including short covering, the unwinding of a spread trade involving Liberty SiriusXM, and potential buying related to the rebalancing of the Nasdaq 100 index.

Topics:businessfinance#finance#nasdaq-100-index#short-covering#sirius-xm-holdings#spread-trade#stock-surge
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  1. 3 Reasons Sirius XM Stock Just Surged 42%  Barron's
  2. Sirius XM, heavily shorted, jumps 27% and triggers halts (NASDAQ:SIRI)  Seeking Alpha
  3. What's Going On With Sirius XM Stock? - Sirius XM Holdings (NASDAQ:SIRI)  Benzinga
  4. Sirius XM (SIRI) Stock Jumps 42.3%: Will It Continue to Soar?  Yahoo Finance
  5. Sirius XM shares pull back after 'wild' gains with short squeeze in focus  Reuters
  6. View Full Coverage on Google News

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