SIRI is trading at $21.24 (-6.02%), bucking a broader market rally as shares continue to react to yesterday's mixed Q4 earnings report.
- While full-year free cash flow grew 24% to $1.26 billion, quarterly revenue remained flat at $2.19 billion alongside reported subscriber losses and a 2% annual revenue decline.
- The stock's sharp decline comes despite a significant market uptrend, with the S&P 500 and NASDAQ both gaining over 1.3%.
- Today's volatility follows a 9% surge on February 5, reflecting ongoing investor uncertainty regarding the company's long-term growth trajectory.