Services Stocks Worth Chasing: Sirius XM Holdings Inc. (SIRI), CSX Corporation (CSX)

Sirius XM Holdings Inc. (SIRI) ended last trading session with a change of 4.82 percent. It trades at an average volume of 22.57M shares versus 64.01M shares recorded at the end of last trading session. The share price of $5.44 is at a distance of 46.11 percent from its 52-week low and down 4.21 percent versus its peak. The company has a market cap of $25.45B and currently has 4.68B shares outstanding. The share price is currently 8.01 percent versus its SMA20, 13.55 percent versus its SMA50, and 25.41 percent versus its SMA200. The stock has a weekly performance of 6.88 percent and is 22.51 percent year-to-date as of the recent close.

Sirius XM Holdings Inc. (SIRI) will offer listeners nationwide comprehensive coverage of the NCAA® Division I Men’s Basketball Championship, airing every minute of every game on both satellite radios and the SiriusXM app, and providing the most in-depth daily coverage of the tournament on SiriusXM College Sports Nation, its exclusive 24/7 college sports talk channel.

CSX Corporation (CSX) recently recorded 0.59 percent change and currently at $48.08 is 102.59 percent away from its 52-week low and down -4.43 percent versus its peak. It has a past 5-day performance of -3.43 percent and trades at an average volume of 12.21M shares. The stock has a 1-month performance of 1.45 percent and is 34.83 percent year-to-date as of the recent close. There were about 932M shares outstanding which made its market cap $44.81B. The share price is currently -0.19 percent versus its SMA20, 8 percent versus its SMA50, and 44.14 percent versus its SMA200.

On March 06, 2017 CSX Corporation (CSX) announced the Company has named E. Hunter Harrison, a proven railroad executive with a well-regarded track record of producing market-leading operating results, as chief executive officer, effective immediately. Mr. Harrison replaces Michael Ward, who announced his decision to retire as Chairman and CEO on February 21, 2017 and will become a consultant to CSX, effective immediately.

The Company also announced that it has reached an agreement with Mantle Ridge LP, an investment firm formed by Paul Hilal, to reconstitute the Company’s Board of Directors. Under the terms of the agreement, CSX has appointed five new directors to its Board of Directors, mutually agreed upon by CSX and Mantle Ridge and effective immediately – Mr. Harrison, Mr. Hilal, Dennis Reilley, Linda Riefler and John Zillmer.  In addition, three incumbent CSX directors intend to complete their service for the Board at or before the conclusion of the 2017 annual meeting. As a result, the size of the Board will be 13 members.  CSX’s current Presiding Director, Edward J. Kelly, III, will become Chairman of the Board and Mr. Hilal will become Vice Chairman.


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