Pandora Media (P) Shares are Down -1.25%

Pandora Media (P) has risen sharply, recording gains of 0.75% in the past 4 weeks. However, the stock has corrected -1.25% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.83% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.9% and the 50-Day Moving Average is 0.12%.The 200 Day SMA reached 18.45% Pandora Media, Inc. is up 16.35% in the last 3-month period. Year-to-Date the stock performance stands at 0.3%.


Pandora Media (P) stock is expected to deviate a maximum of $2.28 from the average target price of $15.44 for the short term period. 18 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $10.

For the current week, the company shares have a recommendation consensus of Buy. Pandora Media (NYSE:P): The stock opened at $13.44 and touched an intraday high of $13.69 on Friday. During the day, the stock corrected to an intraday low of $13.32, however, the bulls stepped in and pushed the price higher to close in the green at $13.45 with a gain of 1.05% for the day. The total traded volume for the day was 6,172,466. The stock had closed at $13.45 in the previous trading session.

Pandora Media, Inc. is a United States-based provider of Internet radio in the United States. The Company offers a personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones, tablets, computers and car audio systems, as well as a range of other Internet-connected devices. It allows local and national advertisers to deliver targeted messages to its listeners using a combination of audio, display and video advertisements. Its free service is advertising-based and allows listeners access to its music and comedy catalogs, and personalized playlist generating system for free across all of its delivery platforms. Pandora One is a paid subscription service without any advertising. Pandora One also offers listeners daily skips, audio on supported devices and timeout-free listening. The Companys technologies include Music Genome Project and Comedy Genome Project.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.