Stock Track | Sirius XM Stock Plummets 5% in Early Trading After Seaport Research Downgrade to Neutral

Stock Track

02/06

Sirius XM Holdings Inc. (SIRI) experienced a sharp decline of 5.00% in early trading on Friday, as the stock faced heavy selling pressure intraday.

The drop followed a downgrade by Seaport Research, which moved its rating on Sirius XM from Buy to Neutral and removed its price target, citing reduced estimates for the company. This analyst action likely prompted negative investor sentiment and contributed to the sell-off.

Other analyst activity included Rosenblatt Securities maintaining a Neutral rating on the stock, but the downgrade from Seaport appears to have been the key driver behind the significant price movement.

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(SIRI) experienced a sharp decline of 5.00% in early trading on Friday, as the stock faced heavy selling pressure intraday.</p><p>The drop followed a downgrade by Seaport Research, which moved its rating on Sirius XM from Buy to Neutral and removed its price target, citing reduced estimates for the company. 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