Sirius XM (SIRI) shares closed at $21.70 after a minor 0.91% decline, though the stock maintains positive momentum following a JP Morgan upgrade to "Neutral."
- The rating upgrade from "Underweight" follows the company's February 5 earnings report, which demonstrated significant operational stability.
- Key financial highlights include a record-low 1.4% churn rate and $1.26 billion in free cash flow.
- Investors remain focused on the company's cash flow resilience despite ongoing subscriber headwinds and broader market volatility.