Why Sirius XM (SIRI) Stock Is Down Today

Stock Story

What Happened?

Shares of satellite radio and media company Sirius XM fell 3.2% in the afternoon session after prominent market commentator Jim Cramer questioned the company's growth prospects.

During a broadcast, Cramer noted that Sirius XM's primary issue was its lack of growth. He suggested that for the company to perform better, there needed to be an increase in both new and used car sales. The comments highlighted concerns about the satellite radio company's ability to expand, which appeared to weigh on investor sentiment.

The shares closed the day at $20.46, down 2.2% from previous close.

What Is The Market Telling Us

Sirius XM’s shares are somewhat volatile and have had 14 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 11 days ago when the stock gained 2.9% on the news that investors wagered geopolitical tension would be contained following the U.S. military's operation in Venezuela, with the Dow hitting a fresh record.

Sentiment remained firmly "risk-on" for early 2026, with Wall Street prioritizing domestic economic strength over foreign turbulence. Analysts noted that while the event raises short-term supply questions, the market largely viewed the potential stabilization of Venezuela's vast oil reserves as a long-term economic positive.

Sirius XM is flat since the beginning of the year, and at $20.46 per share, it is trading 24.5% below its 52-week high of $27.11 from February 2025. Investors who bought $1,000 worth of Sirius XM’s shares 5 years ago would now be looking at an investment worth $343.78.

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Clarus, American Airlines, Nike, Zillow, and Sirius XM Stocks Trade Up, What You Need To Know

Stock Story

What Happened?

A number of stocks jumped in the afternoon session after investors wagered geopolitical tension would be contained following the U.S. military's operation in Venezuela, with the Dow hitting a fresh record.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Leisure Products company Clarus jumped 1.9%. Is now the time to buy Clarus? Access our full analysis report here, it’s free for active Edge members.
Travel and Vacation Providers company American Airlines jumped 2%. Is now the time to buy American Airlines? Access our full analysis report here, it’s free for active Edge members.
Footwear company Nike jumped 2.4%. Is now the time to buy Nike? Access our full analysis report here, it’s free for active Edge members.
Real Estate Services company Zillow jumped 1.6%. Is now the time to buy Zillow? Access our full analysis report here, it’s free for active Edge members.
Wireless, Cable and Satellite company Sirius XM jumped 2.9%. Is now the time to buy Sirius XM? Access our full analysis report here, it’s free for active Edge members.

Zooming In On Sirius XM (SIRI)

Sirius XM’s shares are quite volatile and have had 15 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 3 days ago when the stock gained 2.1% on the news that positive commentary highlighted the company's unique business model, recent strategic developments, and strong financial targets.

Favorable reports pointed to Sirius XM's position as the sole satellite radio operator, which affords it strong pricing power. The company's revenue structure, with over three-quarters derived from subscriptions rather than advertising, was also seen as a key strength, making it less vulnerable to economic downturns. Strategic developments supported the positive sentiment, including the renewal of Howard Stern's contract through 2028, securing key content for the platform. The company also set a target of $1.5 billion in free cash flow by 2027, aided by $200 million in annualized cost savings achieved in the previous year.

Sirius XM is up 2.9% since the beginning of the year, but at $21.10 per share, it is still trading 22.2% below its 52-week high of $27.11 from February 2025. Investors who bought $1,000 worth of Sirius XM’s shares 5 years ago would now be looking at an investment worth $338.06.

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Why Sirius XM (SIRI) Stock Is Trading Up Today

Stock Story

Sirius XM

+2.88%

What Happened?

Shares of satellite radio and media company Sirius XM jumped 2.1% in the afternoon session after positive commentary highlighted the company's unique business model, recent strategic developments, and strong financial targets.

After the initial pop the shares cooled down to $20.45, up 2.3% from previous close.

What Is The Market Telling Us

The biggest move we wrote about over the last year was 2 months ago when the stock gained 10.1% on the news that the company reported third-quarter results that surpassed analyst expectations for both revenue and profit. The satellite radio company reported a GAAP profit of $0.84 per share, a significant turnaround from a loss in the same period last year and 7.9% above consensus estimates. Revenue for the quarter was flat year-on-year at $2.16 billion but still beat forecasts. Despite a year-on-year decline of 574,000 total subscribers, investors appeared to focus on the improved profitability. A key highlight was the company's free cash flow of $257 million, with the free cash flow margin expanding to 11.9% from just 1.1% in the prior year's quarter.

Investors who bought $1,000 worth of Sirius XM’s shares 5 years ago would now be looking at an investment worth $331.36.

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Berkshire's Likely Top Stock Picker: Who He Is and How He Got There — Barrons.com

Dow Jones Newswires

Andrew Bary

Ted Weschler, who appears set to become Berkshire Hathaway's top stockpicker, has had considerable success personally as an investor, turning an IRA account worth about $70,000 in the late 1980s into $221 million by 2018.

Weschler, 64, is a value-oriented investor who joined Berkshire as an investment manager in 2012 and has run an estimated 5% of Berkshire's $300 billion equity portfolio since then. He had jointly run a $2 billion investment fund, Peninsula Capital, before joining Berkshire.

He personally owns more than $200 million of stock in kidney dialysis provider DaVita and a $ 15 million interest in Sirius XM Holdings, the satellite radio company, according to filings with the Securities and Exchange Commission that detail the holdings of Berkshire and Weschler in those two stocks.

Berkshire hasn't confirmed what Weschler's precise role will be in 2026 as Berkshire executive Greg Abel takes over as CEO. But Berkshire said when it hired Weschler as an investment manager that after Buffett "no longer serves as CEO, Todd and Ted — possibly aided by one additional manager — will have responsibility for the entire equity and debt portfolio of Berkshire, subject to overall direction by the then-CEO and Board of Directors."

Todd Combs has resigned from Berkshire to take an investment role at JPMorgan Chase, the two companies said earlier in December.

That leaves Weschler with a potentially major role in managing the Berkshire equity portfolio, which is dominated by a handful of stocks: Apple, American Express, Bank of America, Chevron, and Coca-Cola. Berkshire also has many smaller holdings that likely were accumulated by Weschler and Combs, who each ran about 5% of the portfolio.

Weschler didn't respond to a request for comment. He has said little publicly about his investments since coming to Berkshire, and he hasn't been on stage at any of Berkshire's annual meetings.

Buffett hasn't disclosed his investment performance, though he did tell CNBC in 2019 that Weschler and Combs each were slightly behind the S&P 500 since joining Berkshire.

Both managers likely have lagged behind the market since then. Berkshire owns over $4 billion of DaVita, likely Weschler's largest investment, and $3 billion of Sirius XM, another big holding seen as linked to him.

DaVita stock is flat over the past five years. Sirius XM is down over 60%, hurt by investor concerns about subscriber losses at Sirius's core satellite radio business and an aging audience. At around $20, it trades for half its price 10 years ago.

Weschler was first exposed to Buffett's writings in 1979 as an undergraduate at the Wharton School at the University of Pennsylvania, when a friend told him to "read anything he writes," according to a 2022 Weschler interview available on YouTube.

"There was tremendous clarity to what he wrote," Weschler said. "He has been a hero of mine" since then.

Weschler got to spend time with Buffett, and eventually a job at Berkshire, by purchasing lunches with the CEO auctioned by the San Francisco charity Glide. He paid $2,626,311 at the 2010 auction and then a dollar more in 2011,

After a meal at Piccolo's, a now defunct Omaha steakhouse, in 2011, an impressed Buffett told Weschler he would be a "good fit" for Berkshire, according to the YouTube interview. Buffett followed up with an offer for a role as an investment manager.

Weschler lives and works in Charlottesville, Va., and spends two to three days a week in Omaha.

Weschler drew attention in 2021 when Allan Sloan, a contributor to Barron's, wrote for the Washington Post about how Weschler had turned a $70,000 IRA account into $221 million by 2018 through a series of successful investments.

It remains to be seen what roles Weschler, Buffett and Abel will play with the equity portfolio and in capital allocation. The latter is critical because Berkshire is sitting on more than $350 billion of cash.

Buffett has sold almost 75% of Berkshire's holding in Apple in recent years. But that investment still totals about $65 billion, the largest equity stake held by the company.

It is possible that Berkshire will make minimal changes to the portfolio. That would mirror the current situation at Daily Journal, a small publishing and software company that had been chaired by Charlie Munger, Berkshire's longtime vice chairman, until not long before Munger's death at 99 in 2023.

Munger ran the Daily Journal investment portfolio of about $500 million that includes stocks like Wells Fargo, and the company decided to essentially leave the portfolio alone after his death.

Berkshire may say more about the management of the portfolio in the coming weeks. Abel is likely to address it in his first shareholder letter, due around March 1.

Write to Andrew Bary at andrew.bary@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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Spotting Winners: Verizon (NYSE:VZ) And Wireless, Cable and Satellite Stocks In Q3

Stock Story

Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Verizon and its peers.

The massive physical footprints of cell phone towers, fiber in the ground, or satellites in space make it challenging for companies in this industry to adjust to shifting consumer habits. Over the last decade-plus, consumers have ‘cut the cord’ to their landlines and traditional cable subscriptions in favor of wireless communications and streaming video. These trends do mean that more households need cell phone plans and high-speed internet. Companies that successfully serve customers can enjoy high retention rates and pricing power since the options for mobile and internet connectivity in any geography are usually limited.

The 8 wireless, cable and satellite stocks we track reported a slower Q3. As a group, revenues were in line with analysts’ consensus estimates.

While some wireless, cable and satellite stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3.4% since the latest earnings results.

Verizon

Formed in 1984 as Bell Atlantic after the breakup of Bell System into seven companies, Verizon is a telecom giant providing a range of communications and internet services.

Verizon reported revenues of $33.82 billion, up 1.5% year on year. This print fell short of analysts’ expectations by 1.2%. Overall, it was a mixed quarter for the company with a beat of analysts’ EPS estimates but a slight miss of analysts’ revenue estimates.

Interestingly, the stock is up 2.8% since reporting and currently trades at $40.43.

Read our full report on Verizon here, it’s free for active Edge members.

Best Q3: Sirius XM

Known for its commercial-free music channels, Sirius XM is a broadcasting company that provides satellite radio and online radio services across North America.

Sirius XM reported revenues of $2.16 billion, flat year on year, outperforming analysts’ expectations by 0.8%. The business had a satisfactory quarter with a beat of analysts’ EPS estimates but a miss of analysts’ pandora subscribers estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 2.2% since reporting. It currently trades at $20.59.

Weakest Q3: WideOpenWest

Initially started in Denver as a cable television provider, WideOpenWest provides high-speed internet, cable, and telephone services to the Midwest and Southeast regions of the U.S.

WideOpenWest reported revenues of $144 million, down 8.9% year on year, exceeding analysts’ expectations by 1.1%. Still, it was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income estimates.

WideOpenWest delivered the slowest revenue growth in the group. Interestingly, the stock is up 1.4% since the results and currently trades at $5.21.

Read our full analysis of WideOpenWest’s results here.

AT&T

Founded by Alexander Graham Bell, AT&T is a multinational telecomm conglomerate providing a range of communications and internet services.

AT&T reported revenues of $30.71 billion, up 1.6% year on year. This result was in line with analysts’ expectations. Taking a step back, it was a mixed quarter as it also recorded a narrow beat of analysts’ EBITDA estimates but a miss of analysts’ Mobility revenue estimates.

AT&T pulled off the fastest revenue growth among its peers. The stock is down 5.4% since reporting and currently trades at $24.61.

Read our full, actionable report on AT&T here, it’s free for active Edge members.

Comcast

Formerly known as American Cable Systems, Comcast is a multinational telecommunications company offering a wide range of services.

Comcast reported revenues of $31.2 billion, down 2.7% year on year. This print beat analysts’ expectations by 1.6%. Zooming out, it was a mixed quarter as it also produced a decent beat of analysts’ revenue estimates but a miss of analysts’ adjusted operating income estimates.

Comcast achieved the biggest analyst estimates beat among its peers. The stock is up 3.8% since reporting and currently trades at $29.65.

Read our full, actionable report on Comcast here, it’s free for active Edge members.

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Winners And Losers Of Q3: Charter (NASDAQ:CHTR) Vs The Rest Of The Wireless, Cable and Satellite Stocks

Stock Story

Charter Communications

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Charter and the rest of the wireless, cable and satellite stocks fared in Q3.

The 8 wireless, cable and satellite stocks we track reported a slower Q3. As a group, revenues were in line with analysts’ consensus estimates.

While some wireless, cable and satellite stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.2% since the latest earnings results.

Charter

Operating as Spectrum, Charter is a leading telecommunications company offering cable television, high-speed internet, and voice services across the United States.

Charter reported revenues of $13.67 billion, flat year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with a significant miss of analysts’ EPS estimates and a miss of analysts’ adjusted operating income estimates.

"We are operating well in a competitive environment, where consumer products and applications haven't yet caught up with our uniquely differentiated network capabilities," said Chris Winfrey, President and CEO of Charter.

Unsurprisingly, the stock is down 11% since reporting and currently trades at $208.25.

Read our full report on Charter here, it’s free for active Edge members.

Best Q3: Sirius XM

Known for its commercial-free music channels, Sirius XM is a broadcasting company that provides satellite radio and online radio services across North America.

However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $21.24.

Weakest Q3: WideOpenWest

Initially started in Denver as a cable television provider, WideOpenWest provides high-speed internet, cable, and telephone services to the Midwest and Southeast regions of the U.S.

WideOpenWest delivered the slowest revenue growth in the group. Interestingly, the stock is up 1.9% since the results and currently trades at $5.24.

Read our full analysis of WideOpenWest’s results here.

AT&T

Founded by Alexander Graham Bell, AT&T is a multinational telecomm conglomerate providing a range of communications and internet services.

AT&T reported revenues of $30.71 billion, up 1.6% year on year. This number met analysts’ expectations. Zooming out, it was a mixed quarter as it also recorded a narrow beat of analysts’ EBITDA estimates but a miss of analysts’ Mobility revenue estimates.

AT&T pulled off the fastest revenue growth among its peers. The stock is down 6.7% since reporting and currently trades at $24.27.

Read our full, actionable report on AT&T here, it’s free for active Edge members.

Comcast

Formerly known as American Cable Systems, Comcast is a multinational telecommunications company offering a wide range of services.

Comcast reported revenues of $31.2 billion, down 2.7% year on year. This print surpassed analysts’ expectations by 1.6%. Taking a step back, it was a mixed quarter as it also produced a decent beat of analysts’ revenue estimates but a miss of analysts’ adjusted operating income estimates.

Comcast achieved the biggest analyst estimates beat among its peers. The stock is up 5.6% since reporting and currently trades at $30.16.

Read our full, actionable report on Comcast here, it’s free for active Edge members.

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Sirius XM Renews Howard Stern Show

Dow Jones Newswires

Sirius XM

+2.88%

By Katherine Hamilton

Sirius XM renewed its contract with Howard Stern for three more years.

Stern said on his show Tuesday he would continue producing "The Howard Stern Show" on the audio platform.

Sirius XM has exclusively aired Stern's show, where he interviews people in the music and entertainment business, since 2006.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

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Why Sirius XM (SIRI) Stock Is Down Today

Clarus, American Airlines, Nike, Zillow, and Sirius XM Stocks Trade Up, What You Need To Know

Why Sirius XM (SIRI) Stock Is Trading Up Today

Berkshire's Likely Top Stock Picker: Who He Is and How He Got There — Barrons.com

Spotting Winners: Verizon (NYSE:VZ) And Wireless, Cable and Satellite Stocks In Q3

Winners And Losers Of Q3: Charter (NASDAQ:CHTR) Vs The Rest Of The Wireless, Cable and Satellite Stocks

Sirius XM Renews Howard Stern Show

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