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SiriusXM Stock Closes 2.55% Higher After Merger With Liberty Media Tracking Stock

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The merger and reverse stock split simplified the audio entertainment giant's financial structure, executives said

SiriusXM’s stock rose 2.6% on Tuesday , the first full day of trading since it merged with Liberty Media’s tracking stock to create a single, streamlined public stock.that it would merge its stock with Liberty SiriusXM Holdings to simplify and eliminate confusion around its multiple share classes and create one entity with greater trading liquidity.

“Today SiriusXM embarks on a new phase in our journey as an independent public company, building on our leading position in audio entertainment,”, SiriusXM CEO, said in a statement.

 

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