Pandora Media (P) : Traders are bullish on Pandora Media (P) as it has outperformed the S&P 500 by a wide margin of 4.04% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.47%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.77% in the last 1 week, and is up 3.82% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 4.7% and the fifty day Moving Average is 9.58%. Pandora Media, Inc. is up 23.64% in the last three month period. Year-to-Date the stock performance stands at 5.29%.
Pandora Media (P) : The most positive equity analysts on Pandora Media (P) expects the shares to touch $19, whereas, the least positive believes that the stock will trade at $10 in the short term. The company is covered by 18 Wall Street Brokerage Firms. The average price target for shares are $14.61 with an expected fluctuation of $2.52 from the mean.
Pandora Media (NYSE:P): On Fridays trading session , Opening price of the stock was $14.23 with an intraday high of $14.59. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.03. However, the stock managed to close at $14.12, a loss of 0.70% for the day. On the previous day, the stock had closed at $14.22. The total traded volume of the day was 5,108,908 shares.
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.