Sirius XM Holdings Inc SIRI shares are trading lower by 6.43% to $6.62 Monday morning, despite a lack of company-specific news. The stock also fell during Friday's session after multiple firms downgraded their rating on the stock following last Thursday's rally.
The stock trended on social platforms and was heavily discussed on Stocktwits during last Thursday's rally, likely due to its high short interest of 34.45% of the float.
The company is scheduled to report second-quarter financial results on August 1, with earnings estimates of 7 cents per share and quarterly revenue of $2.24 billion.
According to data from Benzinga Pro, SIRI has a 52-week high of $7.95 and a 52-week low of $3.32.
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