Long-suffering Sirius XM investors who’ve held onto the stock despite its troubles are being rewarded for their perseverance. Sirius (SIRI) shares are up over 13 percent today at 68 cents. And they’re up about 26 percent for the week.
Why? A few reasons. First, there’s the government’s “cash for clunkers” program, which will likely stimulate new car sales and new Sirius subscriptions thanks to the satellite radio trials often packaged with new cars.
Then there are rumors of new iPod-related hardware that may or may not debut at the company’s holiday gift-guide event next week. Scheduled for Wednesday, that gathering promises “a new line-up of accessories…for the home, office, vehicle and beyond.” This has led some folks to speculate that we’ll soon see a Sirius dock for the iPod/
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