Stock Market Today: Nasdaq Leads Indexes Lower; Bond Yields Hold Around 4.5%
Shares of Sirius XM fell after its majority proposed combining the company with the group of tracking stocks that holds Liberty's existing stake in the satellite-radio operation. Sirius stock fell about 10% in early trading. Liberty's Class A tracking stock was up about 8%.
Sirius XM shares fell after the majority of the company proposed combining it with a group of tracking stocks which holds Liberty's stake in the satellite radio operation.
Sirius' stock dropped about 10% during early trading. Liberty's Class-A tracking stock rose about 8%.