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3 Reasons Sirius XM Stock Just Surged 42%

Por: MarketWatch Business July 20, 2023

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Another factor driving up Sirius XM stock could be investors unwinding a trade in which they were long Liberty SiriusXM Group (LSXMA), a tracking stock created by that owns about 83% of the company’s stock, and short Sirius XM stock. A tracking stock offers investors the economics of a business or investments but not actual ownership of the underlying assets. “There has been a huge rally in the most shorted stocks in the last six weeks,”... + full article



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