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Sirius Stock Predictions: Time To Sell Sirius XM, It’s Stock Will Likely Be Stagnant This Year

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

I made a buy rating for Sirius XM last May 31, 2016. Its stock has since risen +36%
I now advise people to do some profit taking on SIRI now. The stock has reached its peak and will likely trade sideways for the rest of the year.
I do not see any serious catalyst that can propel SIRI near or above $6.00.
The $480 million investment on struggling music streaming service Pandora is also money not well spent by Sirius XM.
I Know First has negative one-year algorithmic trend forecast for Sirius XM. Better get out of this stock now and find more promising investments.