Services Stocks Under Review -- Sirius XM, Pandora Media, News, and Cumulus Media

Sep 13, 2016, 07:30 ET from Chelmsford Park SA

NEW YORK, September 13, 2016 /PRNewswire/ -- has initiated research reports on the following equities: Sirius XM Holdings Inc. (NASDAQ: SIRI), Pandora Media Inc. (NYSE: P), News Corp. (NASDAQ: NWSA), and Cumulus Media Inc. (NASDAQ: CMLS). These companies belong to the Services sector which accounts for more than two-thirds of U.S. economic activity. According to an article on Reuters, sector activity slowed to a 6 ½-year low in August amid sharp drops in production and orders. Learn more about these stocks by downloading their free research reports in PDF format at:

Sirius XM Holdings  

New York headquartered Sirius XM Holdings Inc.'s shares rose 0.98% and finished Monday's trading session at $4.14. A total volume of 47.75 million shares was traded. In the previous three months and since the start of this year, the stock has advanced 6.15% and 1.72%, respectively. The Company's shares are trading above their 200-day moving average by 4.83%. Moreover, shares of Sirius XM Holdings, which provides satellite radio services in the US, have a Relative Strength Index (RSI) of 46.58.

On August 25th, 2016, Sirius XM announced that on October 1st, 2016, its subsidiary, Sirius XM Radio Inc., will redeem all of its outstanding 5.875% Senior Notes due 2020. As of August 25th, 2016, $650,000,000 in aggregate principal amount of the 5.875% Notes was outstanding. Sirius XM intends to use cash on hand as well as the proceeds of a drawing under its revolving credit facility to fund the redemption. Sign up and read the free research report on SIRI at:

Pandora Media  

On Monday, shares in Oakland, California headquartered Pandora Media Inc. recorded a trading volume of 6.78 million shares, which was higher than their three months average volume of 6.24 million shares. The stock ended the session 4.92% higher at $14.29. The Company's shares have gained 7.36% in the last one month, 27.25% in the previous three months, and 6.56% on an YTD basis. The stock is trading 6.88% above its 50-day moving average and 25.87% above its 200-day moving average. Furthermore, shares of Pandora Media, which provides Internet music streaming services in North America, have an RSI of 55.68.

On August 24th, 2016, Pandora Media announced that it will partner with Questlove to premiere Questlove Supreme, a three-hour show curated and produced by the four-time GRAMMY winner.

Yesterday, research firm SunTrust upgraded the Company's stock rating from 'Neutral' to 'Buy'. The complimentary research report on P can be downloaded at:

News Corp. 

Shares in New York headquartered News Corp. closed the day at $13.90, jumping 4.04%. The stock recorded a trading volume of 4.16 million shares, which was above its three months average volume of 3.12 million shares. The Company's shares have advanced 3.81% in the last one month, 20.35% over the previous three months, and 5.00% since the start of this year. The stock is trading 7.22% above its 50-day moving average and 12.10% above its 200-day moving average. Additionally, shares of News Corp., which focuses on creating and distributing content to consumers and businesses worldwide, have an RSI of 59.56. Register for free on and access the latest report on NWSA at:

Cumulus Media  

At the closing bell yesterday, shares in Atlanta, Georgia-based Cumulus Media Inc. ended 0.93% lower at $0.35 with a total volume of 212,725 shares traded. The stock has advanced 1.47% in the last one month, 3.50% over the previous three months, and 6.63% since the start of this year. The Company's shares are trading above their 200-day moving average by 2.21%. Furthermore, shares of Cumulus Media, which owns and operates radio stations in the US, have an RSI of 40.07.

On August 4th, 2016, Cumulus Media reported net revenue of $287.2 million for the three months ended June 30th, 2016, down 4.1% from the three months ended June 30th, 2015. Net income was $1.1 million, down 91.3% from the three months ended June 30th, 2015. And the company's adjusted EBITDA came in at $63.2 million, down 21.8% from the quarter ended June 30th, 2015. Get free access to your research report on CMLS at:


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