Sirius XM (SIRI) has been far removed from being labeled as a solid investment, with SIRI stock losing more than 15% in the past 52 weeks. Over the past five years, the security stumbled about 67%, unsurprisingly earning it the dubious status of 100% Strong Sell rating from the Barchart Technical Opinion indicator. In the last three years, the platform’s Top Trade Alerts have issued only two Buy signals for the stock.
However, what’s curious about the company is its performance in the new year. Granted, it’s only been a month so there’s really no point in getting too excited. Still, SIRI stock finds itself up nearly 2%, which, while hardly anything to write home about, does represent a stark contrast to many other tech names. With the company scheduled to release its earnings on Thursday, there’s legitimate excitement about an unexpected beat.
