Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

This Week in Sirius XM Radio Inc (SIRI): Pandora Media Inc (P), Google Inc (GOOG), Apple Inc. (AAPL)

Page 1 of 2

Things never get dull for the country’s lone satellite-radio provider. Shares of Sirius XM Radio Inc (NASDAQ:SIRI) moved higher this week, closing up 2.2% to hit $3.21. The general market also moved higher, and Sirius XM Radio Inc (NASDAQ:SIRI)’s hearty gain matched the Dow’s 2.2% ascent.

There was more going on beyond the share-price gyrations, though. The company also revisited its four-year high of $3.25. Streaming music leader Pandora Media Inc (NYSE:P) moved higher after posting better-than-expected quarterly results. Sirius XM Radio Inc (NASDAQ:SIRI) announced that its CFO will speak at an investor conference. And finally, reports indicated that Apple Inc. (NASDAQ:AAPL) is running into some snags as it gears up to launch its own streaming service, but Google Inc (NASDAQ:GOOG) is apparently trying to double its chances at succeeding by rolling out two distinct platforms.

Google Inc (NASDAQ:GOOG)

Let’s take a closer look.

Breaking $3.25 is hard to do
Sirius XM opened at $3.25 on Wednesday and Thursday, but it couldn’t nudge its way higher during the week. That’s OK. There are things far worse than revisiting a four-year high.

You also have to go all the way back to March 25, 2008, to find the last time the shares traded higher. In other words, this four-year high is about to become a five-year high by the end of the month.

Trading at levels last seen 60 months ago also means that nearly all of the 406.3 million shares sold short as of mid-February are sporting losses. At a time when Sirius XM Radio Inc (NASDAQ:SIRI)’s short interest hasn’t been higher, it won’t take much of a catalyst to trigger a short squeeze.

Pandora rocks for a change
Shares of Pandora Media Inc (NYSE:P) soared 18% on Friday after posting strong quarterly results. The music-discovery pioneer posted a narrower-than-expected loss of $0.04 a share, with revenue soaring 54% to $125.1 million.

The news gets better. After watching its monthly listeners fall from 67.1 million in December to 65.6 million in January, February’s tally clocked in at 67.1 million unique listeners. That’s not too shabby of a turnaround for the shortest month of the year. Pandora Media Inc (NYSE:P)’s revenue guidance — calling for $120 million to $125 million for the current quarter and $600 million to $620 million for the year — also came in ahead of Wall Street targets.

It’s easy to wonder whether Pandora Media Inc (NYSE:P) will really hold up this well after Sirius XM Radio Inc (NASDAQ:SIRI)’s MySXM gains traction and the titans of tech introduce their own platform, but the outlook is surprisingly robust — for now.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!