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Barron’s Discovers Satcasters: Stocks Jump

Barron's Discovers Satcasters: Stocks Jump

Barron’s thinks the services of satcasters Sirius and XM Satellite Radio could catch on in a big way. In a weekend report, the business publication details how both companies are getting their satellite digital radios into cars despite the economic turndown and financial re-caps for both satcasters. Stock prices for the satcasters rose significantly Tuesday after the Barron’s article hit the streets. Sirius rose 24% to close at 93 cents, and XM jumped more than 19% to end the day at $4.49.