Sirius XM Holdings Inc. (NASDAQ:SIRI) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.85% to close at $4.41 with the total traded volume of 27.98 Million shares. Sirius XM (SIRI) Connected Vehicle Services Inc., a subsidiary of SiriusXM, has teamed up with AT&T, a leader in the connected car industry, to provide 4G LTE connectivity to support SiriusXM Guardian, SiriusXM’s package of in-vehicle safety, security, and convenience services in select 2017 model year FCA US LLCvehicles.
“The importance of delivering a high level of safety and convenience features to auto owners in their vehicles in an easy-to-use fashion cannot be overstated now and in the future,” said Larry Pesce, SiriusXM’s GM and GVP of Connected Vehicle. “We’re very excited to raise the curtain on our SiriusXM Guardian brand and work with AT&T to deliver connected vehicle services that create a dynamic in-car experience that FCA US drivers and their passengers want.”
“We’re proud to work with SiriusXM to bring the benefits of LTE connectivity to FCA US vehicles,” said Chris Penrose, President, Internet of Things Solutions, AT&T. “This collaboration will deliver the connectivity that more and more consumers want in their next car purchase.” The firm has institutional ownership of 23.20%, while insider ownership included 0.20%. Its price to sales ratio ended at 4.59. SIRI attains analyst recommendation of 2.20 with week performance of -4.34%.
Polar Power, Inc. (NASDAQ:POLA) [Trend Analysis] released tath pricing of its initial public offering of 2,400,000 shares of its common stock at a public offering price of $7 per share. All of the shares of common stock are being offered by Polar Power. The shares are expected to begin trading on the NASDAQ Capital Market on December 7, 2016 under the ticker symbol “POLA”. In addition, Polar Power has granted the underwriters a 45-day option to purchase from Polar Power up to an additional 360,000 shares of common stock at the initial public offering price, less the underwriting discount.
The offering is expected to close on December 12, 2016, subject to the satisfaction of customary closing conditions. Roth Capital Partners and Joseph Gunnar & Co., LLC are acting as joint book-running managers for the offering. Feltl and Company is acting as co-manager for the offering.