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SIRI..Sirius XM also said that it will not need to consider a reverse stock split given the Nasdaq's compliance determination. Separately, Sirius XM said it will report first-quarter financial results on May 4.


NEW YORK (TheStreet) -- Sirius XM (SIRI) will likely be one of Wednesday's big volume movers after the satellite radio company avoided delisting from the Nasdaq.
Sirius XM said late Tuesday that it regained compliance with the Nasdaq's minimum bid price requirement after the stock closed above $1 for 10 consecutive sessions. A hearing scheduled with the Nasdaq on Thursday has been cancelled, the company said.