AI Revolution Boosts Stocks, Stock Splits

This is a news story, published by Yahoo Finance, that relates primarily to Sirius XM's news.

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Anticipated Reverse Stock Split

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stock splits

The Motley Fool

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The Most-Anticipated Reverse Stock Split of the Year Has Arrived -- and This Company Is a Screaming Bargain

Summary

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77% Informative

Sirius XM's 1 -for-10 reverse-stock split of 2024 is now complete.

It's the lone high-profile reverse stock split that deserves the attention of Wall Street and investors today .

The split was enacted to increase the company's share price from the $3 to $6 range that it's hovered around for years to attract institutional investors.

Sirius XM can be scooped up by opportunistic long-term investors for 8.3 times forward- year earnings.

This represents a 53% discount to its average forward price-to-earnings (P/E) multiple over the trailing- five-year period.

It's a stone's throw away from its lowest forward P/E multiples since going public in September 1994 .

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