Sirius XM $SIRI Stock Bullish Option Flow Detected

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Bullish option flow was detected in SIRI stock on February 1, 2022, after reporting EPS and revenue beats.

Bullish Option Flow

Siri Option Flow

Make sure to review this lesson on option flow so that you understand the image above.

Bullish option flow was detected in Sirius XM with 35,001 calls trading, 14x expected, and implied vol increasing over 7 points to 53.36%. 2/11 weekly $7 calls and Feb-22 $7 calls are the most active options, with total volume in those strikes near 19,900 contracts.

SiriusXM Reports Fourth Quarter and Full Year 2021 Results

SiriusXM today announced fourth quarter and full-year 2021 operating and financial results, including revenue of $2.28 billion and $8.70 billion, respectively, an increase of 4% and 8%, compared to the prior year periods. The company recorded net income of $318 million and $1.31 billion in the fourth quarter and full-year 2021, respectively, compared to $(677) million and $131 million in the prior year periods. The fourth quarter and full year 2020 was impacted by a $976 million non-cash impairment charge associated with Pandora. Net income per diluted common share was $0.08 and $0.32 in the fourth quarter and full year 2021, respectively. Sirius XM reported Q4 EPS of 8c versus the consensus estimate of 7c. The company reported Q4 revenue of $2.28B versus the consensus estimate of $2.25B. Adjusted EBITDA reached a new record of $2.77B in 2021, climbing 8% from $2.58B in 2020.

“2021 was an outstanding year across the board. We added more than one million net new SiriusXM self-pay subscribers for the tenth time in the past 11 years; this growth continues to be sustained by a fifth straight year of improving churn. Once again we outperformed all of 2021’s public guidance, and now our strong financial position enables us to declare a special cash dividend to our stockholders,” said Jennifer Witz, CEO of SiriusXM.

Neil Young Radio Returns Exclusively to SiriusXM

On January 27, 2022, SiriusXM announced the return of Neil Young Radio, a satellite and streaming music channel featuring music and exclusive stories from Neil Young. Following its launch in December as a limited-run channel, Neil Young Radio now returns to its limited engagement home on SiriusXM’s Deep Tracks, channel 27, for 7 days starting today, and for a month streaming on the SXM App.

SiriusXM listeners will also hear special programs including weekly concert broadcasts from Young’s vaults, celebrity guest DJs and a Barn track-by-track album special featuring Neil Young sharing stories about each song on his latest album.

John Mayer to Perform “Small Stage Series” Concert in Los Angeles for SiriusXM Subscribers and Pandora Listeners

On January 19, 2022, SiriusXM and Pandora announced that they are kicking off football’s biggest weekend with GRAMMY® Award-winning artist John Mayer performing live at Hollywood Palladium in Los Angeles on Wednesday, February 9.

The special concert, hosted by Andy Cohen, will feature John Mayer performing songs from his latest album Sob Rock including his hit single “Last Train Home,” as well as career-spanning fan favorites. Ahead of the concert, Andy Cohen will sit down with John Mayer for an exclusive interview to discuss his music, upcoming tour, and more.

Fans at the Small Stage Series show will receive complimentary t-shirts designed by John Mayer (while supplies last) and stadium-regulated clear tote bags for use during the big game weekend. Attendees will also be treated to live pre-show entertainment and will be invited to strike a pose in various photo moments situated within the venue.

“I’m excited for people to enter the Sob Rock Universe through SiriusXM and Pandora’s Small Stage Series. This will be my first time playing many of these songs in front of a live audience and it’s something I’ve been looking forward to for a very long time,” said John Mayer.

“We are thrilled to announce John as the latest artist to join our exclusive and successful Small Stage Series which began last fall,” said Scott Greenstein, SiriusXM President and Chief Content Officer. “With his incredible artistry and love of performing live, John will help us kick off the big game weekend with this special one-night show in Los Angeles. This is the latest chapter in our live performance series where our listeners can be part of unique live performances and one-of-a-kind experiences.”

As a benefit to SiriusXM subscribers, John Mayer’s exclusive Small Stage Series performance in Los Angeles will be available across an array of channels. It will air live on SiriusXM’s The Spectrum via satellite (ch. 28) and on the SXM App on Wednesday, February 9 at 8:00 pm PT with multiple rebroadcasts throughout the week. The performance will also air on Andy Cohen’s Kiki Lounge (ch. 312) on Friday, February 11 at 8:00 pm ET with rebroadcasts throughout the weekend. Additionally, Radio Andy (ch. 102) will air Andy Cohen’s sit-down interview with John Mayer on Friday, February 11 at 7:00 pm ET with rebroadcasts throughout the weekend.

Sirius XM announces multi-year extension to broadcasting agreement with PGA Tour

On January 18, 2022, the PGA Tour and SiriusXM announced that they have reached a multi-year extension to their broadcasting agreement, which will continue to deliver tournament coverage on the SiriusXM PGA Tour Radio channel for subscribers nationwide through 2024. “We are very pleased to extend our relationship with the PGA Tour. Our extensive schedule of in-depth tournament broadcasts will continue to ensure golf fans can follow the best players in the world as they compete all season long. With live event broadcasts every week, and a daily original programming lineup that features some of the most entertaining voices in the game, the best golf coverage in audio entertainment, bar none, continues to be on SiriusXM,” said Scott Greenstein, SiriusXM’s President and Chief Content Officer.

📺 Sirius XM Stock Price Prediction Update! | SIRI Stock Analysis | $SIRI


📉 SIRI Stock Technical Analysis

Siri Stock

The long and short term trends are both neutral. SIRI is part of the Media industry. There are 95 other stocks in this industry, SIRI did better than 69% of them. SIRI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SIRI is lagging the market slightly. Volume is considerably higher in the last couple of days.

There is a support zone ranging from 6.00 to 6.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames. There is also a support zone ranging from 5.76 to 5.85. This zone is formed by a combination of multiple trend lines in multiple time frames.

There is a resistance zone ranging from 6.74 to 6.75. This zone is formed by a combination of multiple trend lines in the weekly time frame.

SIRI has an average technical rating and it also does not offer a high quality setup at the moment. SIRI stock has a Setup Rating of 3 out 10. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when SIRI stock consolidates and has a Setup Rating of 8 or higher.

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