Sirius Cools Down a Bit; Other Music Stocks Mostly Blah

Shares of Sirius XM Radio (SIRI) cooled down a bit on Wednesday, downgrading two pennies to 14-cents, a 9.38 percent drop.

The reversion reflects continued concern about the future prospects for Sirius, despite a last-minute bankruptcy avoidance.

Elsewhere, the broader market was mostly unenthusiastic, based on continued confidence problems related to governmental stimulus efforts.  At the bell, the broader Dow gained 3 points, or 0.04 percent, to land at 7,555.63.

Other music stocks also edged downward.  Apple (AAPL) dropped 0.17 percent to $94.37, Warner Music Group (WMG) slipped 1.91 percent to $2.05, Live Nation (LYV) moved downward 5.56 percent to $3.40, Ticketmaster (TKTM) shed 3 percent to $4.52, SanDisk (SNDK) lost 0.30 percent to $10.05, and RealNetworks (RNWK) dropped 5.2 percent to $2.37.

The rest experienced healthy gains.  The Orchard (ORCD) boomed 16.47 percent to $1.98, and distressed Source Interlink Companies (SORC) added 16.67 percent to 10.5-cents.

Wall Street report by analyst Alexandra Osorio.

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