After Merger, Sirius XM Shares Falling Sharply

After winning a long and tough battle for regulatory approval for its formation, has been more recently faced with another fight: to keep its sinking stock from collapse.

Shares have fallen 29 percent this month, closing yesterday at 94 cents, as weak revenue and earnings forecasts coupled with the company’s hefty debt load have rattled investors. The stock hit a 52-week low of 68 cents in trading on Tuesday.

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