Sirius XM Radio rallies after nod from Barron's • 7:17 AM
Shares of Sirius XM Radio (SIRI) track higher in early trading after a cover story in Barron's taps the company to see big gains.
The company has grown its subscriber base to a formidable 25.6M users and it has the potential to keep growing at a rapid pace with a monopoly in satellite radio firmly in place.
Unlike Pay-TV companies, Sirius XM has increased its profit margins with programming costs projected to keep falling even further.
SIRI +6.0% premarket