Broadcast company Sirius XM (SIRI) announced a $1.17 billion share buyback program while pulling back its full-year free cash flow forecast. Furthermore, Sirius Media and Liberty Media completed their spinoff-merger of Liberty SiriusXM (LSXMA, LSXMK).

Julie Hyman and Josh Lipton eye Sirius XM's positive stock moves ahead of Tuesday's closing bell.

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This post was written by Luke Carberry Mogan.