Liberty Medias “looking to make a most of it” with Sirius XM – SIRI, LINTA, P
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Sirius XM Radio Inc (NASDAQ:SIRI) is expected to buy back its stock from Liberty Interactive (Interactive group) (NASDAQ:LINTA). However, according to analysts the latter entity will not be forthcoming in terms of selling its entire stake in the company. Furthermore, selling company is also looking to retrieve its complete investment in terms of dollar value thus, in this way, might want to witness its stake to be purchased at a higher price as compared to that of when the tables were turned.
How Should Investors Trade SIRI Now? Don’t Miss out a Special Trend Analysis
Nevertheless, Sirius XM Radio Inc is looking to get back the controlling rights by attaining 51% of the shares by next year. But, LINTA wants to receive a substantial amount of financials before letting go of its stake in the company.
Furthermore, Liberty Interactive is believed to have settled it eyes on $1.5 billion against the expected deal that is due to take place soon.
Sirius XM Radio Inc (NASDAQ:SIRI) has now dropped about -1.66% from its record high price level, and has advanced by 65.36% for this year. It closed at $2.96, trading 27.65% above its 200 day moving average and 8.16% above its 50 day moving average. Latest close brings its distance from its 52-week low at +69.09%. The stock has a PE ratio of 6.17 and their market value is $15.41 billion.
Liberty Interactive (Interactive group) (NASDAQ:LINTA)’s shares touched a high of $19.83 before closing at $19.61, a decrease of $0.05. The trading volume was 5.16 million shares. Since hitting a 52-week low of $15.93 on Jun 04, 2012, the stock has managed to stay 29.10% higher from that level. The latest decline caused shares to trim their 2012 gain to 20.90%.
Why Should Investors Buy LINTA After the Recent Fall? Just Go Here and Find Out
As of latest close, Pandora Media Inc (NYSE:P) shares are down about -5.49% for 2012 and topped out a 52-week high of $15.25 (Mar 05, 2012). Since then, it has retreated 37.97% but stands 33.62% above 52-week low. The shares slipped below the 200-Day SMA ($9.71) and are now sitting 10.84% above 50-day SMA. The performance measured for the month was +25.97% and weekly performance appeared at +13.98%.
What was the Moving Force behind Pandora Media On Bullish Run? Read This Research Report on Pandora Media
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