$SIRI It Seems The Buyback Has Started
Quote:
A bold prediction?
It's no secret that Sirius XM (SIRI) has authorized a $2 billion share repurchase program. It's no secret that share repurchases are expected to "start any day now." But the question of if and / or exactly when repurchases will, or have started, is left up in the air.
The company itself has not been particularly forthcoming about its share buyback plan other than the initial announcement. And why should it be? Beyond initial required disclosure, investors should not expect further details of the buyback program as it would disadvantage the company to release details. I expect investors will find out details which must be disclosed only upon completion of the plan, or within quarterly statements which disclose shares outstanding.
That being said, watching daily activity and understanding what may be majority holder Liberty Media's (LMCA) goals can point to certain activities which may tip off an observant investor that share repurchases have begun.
Understanding Liberty Media's goals is quite simple. It should be concerned about preservation of the value of its stake or preferably increasing the value of its stake. Liberty will also likely wish to sell back some of its high basis shares eventually in order to recoup the cash spent bringing it over 50% ownership of the satellite radio company.
Let's focus on preservation of value. Currently, Sirius XM has been in a rather predictable longer term trend shown by my graph from a recent article here:
That green trend line is slowly ascending at a rate of roughly half a cent per day. Follow the line to the end of the year, you will arrive at a point only a few pennies shy of my end of the year $4.25 target. That being said this trend line is fairly well known, and considerable volume may be found very close to this line as traders place their bets, long or short.
Where is Sirius XM's best choice to buy? Right on that line, and an algorithm could easily be put in place to do just that. By providing support for the share price Sirius XM can buy relatively low while simultaneously maintaining the trend. Given that this line just reached $3.08, and miraculously Sirius XM closed at $3.085, the trend thus stays intact.
READ MORE
Source HERE
$SIRI
$SIRI
$SIRI It Seems The Buyback Has Started Quote: A
Top 10 Most Recent News Articles
Ice-Rock Avalanches: Future Risks and Urgent Lessons
Mounting Threats in Mountain Chains That nightmare on August 26 at Mount Langtang Lirung in Nepal—where an ice-rock avalanche triggered a catastrophic mudslide—brought a harsh reminder that these mountains are cracking wide open. With 31 dead and over 500 souls still unaccounted for, it's a chilling warning about how vulnerable high-altitude regions have become. A...
Continue Reading
TCL’s AI Vision: Immersive Living at IFA 2026
AI and Displays: A Match Made in Tech Heaven Every so often, a company stands up at a tech fair and gives a glimpse into the next chapter of living, as TCL did at IFA 2026. This time, they're not just talking about screens; they're weaving them into the fabric of everyday life alongside AI capabilities. From sporting arenas to your living room, it's a vision of what could...
Continue Reading
Bad Bunny Super Bowl Halftime Show Sweeps 7 Emmy Wins
An Unprecedented Performance: A Halftime Show for the Ages Hold onto your hats, folks—Bad Bunny and his Super Bowl LX Halftime Show have taken home a jaw-dropping seven Emmys at the 78th Emmy Awards. This is uncharted territory for any Super Bowl Halftime Show. Never before has a halftime spectacle swept the Emmys like this. We’re talking about categories such as...
Continue Reading
Summit Tackles BRI Infrastructure's Role in Global SDGs
A Bold Gathering with Lofty Goals Ever watch a room of world leaders debate the finer nuances of sustainable infrastructure? That's something Singapore pulled off on September 6, 2026, with the Second Global Business Summit on Belt and Road Infrastructure Investment. These aren't just any ordinary suits sitting around in a conference room. We're talking about a dynamic...
Continue Reading
FDI Launches 'Generation Smile' for Global Oral Health
A New Kind of Movement Imagine a campaign not bound by age or geography but united by a shared mission. Generation Smile, freshly launched by the FDI World Dental Federation in Prague, is just that kind of uprising. This initiative redefines existing approaches to oral health, pushing beyond the boundaries of mere dental care to emphasize the integral role oral health...
Continue Reading
Changhong's IFA 2026 Showcase: AI, Culture & Localization
Changhong's Game Plan: From Global Reach to Local Touch Well, Changhong's not sitting back at IFA 2026, let me tell you that. This isn't your run-of-the-mill showcase; it's a full-on reveal of what happens when a company takes AI tech and tunes it to the heartbeat of daily life. TVs, fridges, air conditioners—you name it, they've got an AI twist on it. But is this just...
Continue Reading
Clover's RSV Combo Vaccine Shows Promise in Trials
In the biotech world, there's always a race. Clover Biopharmaceuticals is making strides with their RSV+hMPV vaccine candidate, especially for the elderly. Imagine those big leaps in development—all boosted by recent results from a Phase 2 trial down under in Australia. Key Findings of the Trial Immunogenicity Insights They're not messing around with these findings. The...
Continue Reading
D-Wave Hit with Legal Scrutiny After Disappointing Q2
D-Wave Quantum Under Legal Microscope Alright, folks, let's dive headfirst into some dicey financial waters with D-Wave Quantum Inc. (NASDAQ: QBTS). This quantum computing company is finding itself in a bit of a pickle following some rough second-quarter results that left investors scratching their heads. If you bought into the hype and are feeling the sting in your...
Continue Reading
Mermaid Folklore Meets Revolution in New Short Film
A Sea Haunting Like No Other Ever feel like history's forgotten tales deserve a fresh spin? Well, this one's shaking it up! Hoyt Dwyer, an Atlanta filmmaker, flips the script on a lesser-known bit from the American Revolution. Yeah, we're talking about Hessian soldiers and sirens here. Just hang on to your hats because this ain't your typical historical retelling. A...
Continue Reading
York Space Systems Faces Class Action Over Misleading IPO
York Space Systems Under the Legal Spotlight Ever get that feeling when something just doesn’t sit right? Like a burr under the saddle, York Space Systems is now grappling with a class action lawsuit that's throwing a heap of shade on its recent moves. What’s at play? Bronstein, Gewirtz & Grossman, LLC, a law firm that seems to have a nose for corporate messes, has...
Continue ReadingTop 5 Most Recently Viewed Articles
Safe and Green Development Prepares for Reverse Stock Split
Safe and Green Development Corporation Declares Reverse Stock Split Safe and Green Development Corporation (NASDAQ: SGD), a company focused on real estate and technology development, has recently announced a significant decision to implement a 1-for-20 reverse stock split of its common stock. This strategic move is set to take effect soon, reflecting the company’s...
Continue Reading
Honeywell Shares Decline Amid Concerns Over Guidance Changes
Honeywell's Stock Decline During a recent pre-market session, the shares of Honeywell International Inc (NASDAQ: HON) experienced a downturn. This decline follows the company's announcement regarding changes in its business strategy and financial outlook. Changes in Business Operations Honeywell has confirmed that it will phase out its Advanced Materials business unit....
Continue Reading
Tambourine's Strategic Acquisition to Revolutionize Hotel Bookings
Tambourine Expands Horizons with ReservHotel Acquisition In an exciting development in the hospitality industry, Tambourine has made a significant move by acquiring ReservHotel, a prominent reservation platform that has served the Caribbean and Latin America regions. This acquisition signals Tambourine's commitment to enhancing hotel partners' capabilities with...
Continue Reading
Revolutionizing Transportation: LG CNS Leads EV Charging in NYC
Transforming Urban Mobility with Innovative EV Solutions LG CNS is taking significant strides towards revolutionizing electric vehicle (EV) accessibility at the Brooklyn Army Terminal (BAT). As part of a transformative initiative in collaboration with local authorities, LG CNS has installed cutting-edge electric vehicle chargers, making EV charging more accessible than...
Continue Reading
Ethan Allen Celebrates Commitment to Sustainable Wood Practices
Ethan Allen’s Commitment to Sustainability Ethan Allen has recently been recognized for its exceptional commitment to sustainable wood sourcing in furniture manufacturing. The Sustainable Furnishings Council (SFC) and the National Wildlife Federation (NWF) tasked with evaluating environmental practices, awarded Ethan Allen a ‘High Score’ on their Wood Furniture...
Continue Reading