Why Sirius XM (SIRI) Shares Are Plunging Today
Update: 2025-10-31
Description
Sirius XM's shares plummeted 6% on October 31st, following a mixed Q3 earnings report. Despite losing 40,000 self-pay subscribers and a slight revenue dip, the company saw a 176% surge in free cash flow and turned a loss into a net income of $297 million. However, investors sold off shares, causing a rollercoaster in the stock price. Sirius XM's shares have been volatile, with a 5% swing on 19 occasions this year, and are down 2% since January. Despite the recent rally, the stock is still trading 25% below its December high, and a $1,000 investment from five years ago would now be worth around $375. Investors are cautious due to the volatility, but the positive cash flow and profitability trends are encouraging.
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