Technical Snapshots for These Radio Broadcasters Stocks -- Sirius XM, Liberty SiriusXM, Entercom Communications, and Pandora Media
NEW YORK, October 4, 2017 /PRNewswire/ --
If you want a Stock Review on SIRI, LSXMA, ETM, or P then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. For today, DailyStockTracker.com monitors the following equities: Sirius XM Holdings Inc. (NASDAQ: SIRI), The Liberty SiriusXM Group (NASDAQ: LSXMA), Entercom Communications Corp. (NYSE: ETM), and Pandora Media Inc. (NYSE: P). According to an IBISWorld report, the Radio Broadcasting industry is well established within the advertising portfolio, and radio's role in advertising will not be eliminated overnight; however, it is expected to diminish slowly as companies dedicate a larger portion of their resources to reaching consumers online. Access DailyStockTracker.com's complimentary reports for today's stocks line-up at:
Sirius XM Holdings
Shares in New York headquartered Sirius XM Holdings Inc. rose 1.82%, ending Tuesday's trading session at $5.60. The stock recorded a trading volume of 17.31 million shares. The Company's shares have gained 3.32% over the last three months and 25.84% on an YTD basis. The stock is trading 0.62% and 8.72% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Sirius XM, which provides satellite radio services in the US, have a Relative Strength Index (RSI) of 54.94.
On September 15th, 2017, research firm RBC Capital Markets initiated a 'Sector Perform' rating on the Company's stock, with a target price of $6 per share.
On September 22nd, 2017, Sirius XM and Pandora announced that the former has purchased $307.5 million of Series A preferred stock in Pandora, completing the $480-million strategic investment announced on June 09th, 2017. The Series A preferred stock is convertible into common stock at a purchase price of $10.50 per share. Visit us today and access your complete report on SIRI for free at:
Liberty SiriusXM Group
Englewood, Colorado headquartered The Liberty SiriusXM Group's stock climbed 1.85%, closing the day at $42.41. A total volume of 2.27 million shares was traded, which was above their three months average volume of 451,160 shares. The Company's shares have advanced 2.74% in the previous three months and 22.86% since the start of this year. The stock is trading 6.94% above its 200-day moving average. Additionally, shares of Liberty SiriusXM, which through its subsidiary Sirius XM Holdings Inc., transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the US and Canada, have an RSI of 48.94. The complimentary research report on LSXMA can be accessed at:
On Tuesday, shares in Bala Cynwyd, Pennsylvania-based Entercom Communications Corp. recorded a trading volume of 1.85 million shares, which was above their three months average volume of 432,700 shares. The stock ended the day 2.98% higher at $12.10. The Company's shares have advanced 19.21% in the past month and 20.42% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 17.39% and 0.35%, respectively. Furthermore, shares of Entercom Communications, which operates as a radio broadcasting company in the US, have an RSI of 86.20.
On October 02nd, 2017, Entercom Communications announced that it will release Q3 2017 financial results before the market opens on November 02nd, 2017. The Company will hold a conference call regarding the quarterly earnings release on the same day at 10:00 a.m. ET. A webcast of the conference call will be available on the Company's website. Register for free on DailyStockTracker.com and download the research report on ETM at:
Oakland, California headquartered Pandora Media Inc.'s stock rose 3.78%, finishing yesterday's session at $7.96 with a total trading volume of 6.72 million shares. The Company's shares are trading below their 50-day moving average by 5.49%. Shares of the Company, which provides Internet music platform services in North America, have an RSI of 44.56.
On September 19th, 2017, Pandora Media announced that Video Plus is now available to all advertisers. The new ad product enables brands to pay only when users watch 15 seconds of a video ad. In exchange for watching the ad, listeners unlock features that are typically only available with a subscription to Pandora Plus or Pandora Premium: the ability to skip more songs and replay tracks. Get free access to your research report on P at:
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