Why SiriusXM Jumped 20% in April
Shares of SiriusXM (NASDAQ: SIRI) jumped 19.6% in April, according to data from S&P Global Market Intelligence. For context, SiriusXM shares had tanked in March from $6.34 per share to $4.81 per share, a 24.1% decline, due to concerns about how the business would fare in the new environment. Heading into April, investors had been concerned about SiriusXM's ability to retain and grow subscribers in the current environment.