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Replies to post #22048 on Sirius XM Holdings Inc (SIRI)

Replies to #22048 on Sirius XM Holdings Inc (SIRI)
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bepop12345

05/24/11 11:42 AM

#22051 RE: nomoneyleft #22048

The repurchase of stock by the company that issued it (SIRI), as to reduce holdings of a single investor or increase the value of shares by reducing their number.
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ada

05/24/11 11:50 AM

#22052 RE: nomoneyleft #22048

I believe they buy shares on the open market which reduces the amount of available shares and drives the pps up.