Wednesday, April 28, 2010

Sirius May Be Safe From NASDAQ Delisting

Now that Sirius' stock price has been up over a buck for over a week, surviving yesterdays market downturn, it seems that Sirius will be safe from delisting. "Wall Street brokerages have price targets on Sirius at around $1.15 to $1.35 a share, not far above the $1.145 that the stock closed at on Tuesday, which was the 10th day that it has ended above $1, satisfying a Nasdaq listing requirement." Let's hope that there is more good news in store for Sirius.