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Thursday
Feb032011

Sirius (SIRI) Has Another Breakout; Up 3,136% From 2009 Low

We've been highlighting the big trek higher for Sirius XM (SIRI) for the past year now, back when it was trying to break back above $1/share.  The stock traded sideways in the middle part of 2010, but it has gone straight up since September.  In fact, Sirius is up 86% since Septmeber 1st.  Even more amazing is how much the stock is now up from its 2009 closing low.  On February 11th, 2009, SIRI closed at $0.055.  At its current price of $1.78, the stock is up 3,136% since then. 

Today is notable because Sirius has once again made a nice breakout to new multi-year highs.  While $1 was the level that shareholders were hoping for a year ago, it's now $2.

 

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