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Los Angelas, CA -- (SBWIRE) -- 01/04/2013 -- Sirius XM Radio Inc (NASDAQ:SIRI) entered the New Year with a rally in its share prices that took it to a new 52-week high.
On Wednesday the company rose 4.5 percent to close at $3.02, after having reached an intra-day high of $3.04, the highest since March 2008.
During the whole of 2012, plagued as it was by the constant distraction of Liberty Media trying to take control of the company, the company maintained its focus on performance and also to combat competition from Pandora and Spotify.
The fact that its leadership was intent on providing its shareholders with maximum value was seen in its third quarter performance when it reported revenues of $867 million, up 14 percent from the previous year while operating profit rose 24 percent to $245 million.
Analysts are expecting the stock to rise to $3.20 and even $3.30 during the year, especially when it announces its fourth quarter earnings next month.
Can SIRI Continue To Move Higher? Find Out Here
Facebook Inc (NASDAQ:FB) yesterday announced that users of Smartphones, like Apple’s iPhone, in Canada now can use this social net-working site to make phone calls.
This is the part of FB’s messenger App, to send voice messages across continents. Currently Facebook is testing VoIP calls through the Messenger app, the same service that Skype is providing.
Users of Facebook who are located at Canada can start a voice call, which uses prevailing data plans, with friends by tapping the “i” button and then click Free Call. User needs to update the version of the App available to use this service.
Residents of Canada can make free voice calls, while the rest of the users around the globe can send voice mails.
Facebook Inc. reported the fall of -0.82% and closed at $27.77 with the total traded volume of 63.09 million shares. Its price to sales ratio ended at 12.98 and its price to cash per share was $ 5.76. Its market capitalization is $ 60.16 billion. Facebook Inc. stock owned by Financial Institutions was 36.73% while by insiders was 2.06%.
Is FB A Solid Investment At These Levels? Find Out Here
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