Stock Market Alert - XMSR rose on Thursday after the FCC seemed to back away from comments made on Wednesday. On Wednesday, the FCC issued a statement saying that under current law, XMSR and SIRI would be prohibited from merging. However on Thursday, the FCC said that the laws could possibly be re-written. XMSR jumped on the news, as it traded up over 6% to close the regular session at $16.45. Volume was heavy, with over 26 million shares of the stock changing hands, compared to a normal daily average volume of just under 10 million shares traded. As of the close of trading on Thursday, XMSR had a market cap of just over $5 billion dollars.
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