What's Going On With Sirius XM Stock Today?

Sirius XM Holdings Inc. SIRI shares are trading lower on Monday. The stock has been very active over the past month, here's a look at what has happened.

What To Know: Softer-than-expected October inflation data helped push Sirius XM stock higher in mid-November, alongside other communication, media and entertainment stocks.

Shares of the company gained further after the announcement that Berkshire Hathaway purchased 9.68 million shares of the company's stock in the third quarter, pushing Sirius XM stock to its one-month high on Nov. 15.

However, shares have trended lower since the stock peaked, with Monday marking another 7% drop in price.

Amid, the continued selloff on Monday, the company announced a collaboration with Rivian which will allow owners of new and existing Rivian R1T and R1S models in the U.S. to activate a three-month SiriusXM trial subscription directly on their vehicle's center display, available in 2024.

Related Link: What's Going On With Smart For Life Stock Today?

SIRI Price Action: Shares of SIRI were down 6.86% at $4.55 at the time of publication, according to Benzinga Pro. 

Image by Joshua Carr from Pixabay