Sirius Launches a Show for Ziggy Stardust and 2 More Heavily Traded Stocks to Follow
Sirius XM Radio Inc. (NASDAQ:SIRI): Current price $3.91
The Thin White Duke, (or Ziggy Stardust if you prefer) is coming to Sirius XM Radio, which announced Thursday that it will launch The David Bowie Channel, a commercial-free music channel featuring the complete works of the English rock and roll icon, David Bowie. The Channel will launch on October 30 at 12:00 p.m. Eastern Time, and will run through November 12, via satellite on channel 111. The David Bowie Channel will be available as a 24/7 channel online and through the SiriusXM Internet Radio App for smartphones and mobile devices.
NQ Mobile Inc. (NYSE:NQ): Current price $11.52
Mobile Internet services firm NQ Mobile shares plunged in their largest single-day decline ever on Thursday, subsequent to Muddy Waters Research Group beginning its coverage with a Strong Sell, calling it a “massive fraud.” NQ, which has a market cap of some $1.17 billion, did not immediately return requests for a comment. In later afternoon trading, the stock is down by around 50 percent to $11.52, marking its biggest single daily decline since it began trading in May 2011. Trading was halted several times due to volatility, with volume at several times NQ’s 50-day average volume of about 383,000 shares.
Xerox Corp. (NYSE:XRX): Current price $9.62
Xerox shares are down by more than 10 percent Thursday, after its forecast lagged analysts’ estimates, raising fears about the firm’s attempt to transition into business services. Excluding certain items, Xerox said that earnings will be between 28 cents and 30 cents in the fourth quarter. Consensus was 33 cents, according to data compiled by Bloomberg. Chief Executive Ursula Burns is moving the company towards consulting and services in an attempt to boost profit.