SiriusXM Stock Tanks 56.8% Year to Date: Time to Buy the Dip?
Sirius XM(SIRI) ZACKS·2024-10-01 22:45
SiriusXM (SIRI) finds itself at a critical juncture in 2024. The satellite radio giant has experienced a dramatic 56.8% decline in its stock price year to date, underperforming the broader Zacks Consumer Discretionary sector’s return of 4.9% and raising questions about its future prospects and whether this presents a prime buying opportunity for astute investors.SiriusXM's recent stock decline due to market volatility, interest rate concerns and digital media disruption arguably offers an attractive entry p ...