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Why Sirius XM Stock Dropped an Unlucky 7% Today

Sirius XM Holdings (NASDAQ: SIRI) stock had tumbled by 7.2% as of 10:15 a.m. ET Tuesday after the company updated investors on its financial projections. On Tuesday morning, management announced that Sirius had completed its merger with Liberty Media’s Sirius XM tracking stock in a much-anticipated reverse stock split. It …

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