Can Sirius XM Stock Bounce Back From Tuesday's 12% Drop?

Shares of Sirius XM Holdings (NASDAQ: SIRI) kicked off the new trading week by hitting a three-month high. It would go on to give back most of its recent gains on Tuesday after offering up problematic guidance for 2025. The satellite radio provider's stock would go on to tumble 12% on the news. Sirius XM has now surrendered more than half of its value in 2024, even accounting for its generous dividend distributions.Not all investors have lost faith in Sirius XM despite this year's downpour of stock ticks. Warren Bufett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) boosted its position two months ago. It remains to be seen if Buffett and his team have lost heart in the media giant since the mixed third quarter and uninspiring guidance initiation for 2025.However, what seems like a knock in this auto-dependent company's engine may actually be opportunity at the door. Let's take a closer look.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool