NEW YORK (TheStreet) -- Satellite-radio operator Sirius XM is only three trading days away from reporting first-quarter earnings results, and investors are starting to get nervous -- rightfully so.A lot of that has had to do with the fact that the stock has not reacted, as it has in the past, leading into its quarterly announcement. There has always been a typical jump (at least) 10 trading days ahead of the report. Instead, investors have had to deal with the realities of insiders and, in particular, CEO Mel Karmazin, who sold 11 million shares last week at an average price of $2.20 for a profit of $25 million.
Sirius Investors Suffer From Selective Amnesia
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