Shares of Pandora Media (P) Drops by -2.26%

Pandora Media (P) has risen sharply, recording gains of 12.28% in the past 4 weeks. However, the stock has corrected -2.26% 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 7.58% 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 5.02% and the 50-Day Moving Average is 12.9%.

Pandora Media (NYSE:P): The stock opened at $13.04 on Friday but the bulls could not build on the opening and the stock topped out at $13.15 for the day. The stock traded down to $12.95 during the day, due to lack of any buying support eventually closed down at $12.98 with a loss of -0.46% for the day. The stock had closed at $13.04 on the previous day. The total traded volume was 3,850,037 shares.


The company Insiders own 6.64% of Pandora Media shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 6.76% . During last six month period, the net percent change held by insiders has seen a change of 32.9%. In a related news, The Securities and Exchange Commission has divulged that Martin Christopher Douglas, officer (Chief Technology Officer) of Pandora Media, Inc., had unloaded 2,000 shares at an average price of $11.19 in a transaction dated on June 16, 2016. The total value of the transaction was worth $22,380.

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.

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