Pandora Media (P) is Downgraded by Sun Trust Rbsn Humphrey to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.
Pandora Media, Inc. has dropped 35.28% during the last 3-month period . Year-to-Date the stock performance stands at -24.79%.The company shares have dropped -24.65% from its 1 Year high price. On Sep 21, 2015, the shares registered one year high at $22.60 and the one year low was seen on Oct 30, 2015. The 50-Day Moving Average price is $13.37 and the 200 Day Moving Average price is recorded at $16.25.
Pandora Media, Inc. (NYSE:P) has dropped 3.66% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 9.47% in the last 4 weeks. The shares have underperformed the S&P 500 by 2.86% during the past week but Pandora Media, Inc. (NYSE:P) has outperformed the index in 4 weeks by 12.03%.
Pandora Media, Inc. (NYSE:P) : On Thursday heightened volatility was witnessed in Pandora Media, Inc. (NYSE:P) which led to swings in the share price. The shares opened for trading at $13.33 and hit $13.57 on the upside , eventually ending the session at $13.41, with a gain of 0.37% or 0.05 points. The heightened volatility saw the trading volume jump to 5,703,087 shares. The 52-week high of the share price is $22.6 and the company has a market cap of $2,862 million. The 52-week low of the share price is at $11.38 .
Currently the company Insiders own 8.5% of Pandora Media, Inc. shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -21.84%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (Chief Marketing Officer) of Pandora Media, Inc., Fleming-Wood Simon sold 8,871 shares at $19.15 on September 17, 2015. The Insider selling transaction had a total value worth of $169,880. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Pandora Media, Inc. (Pandora), is an Internet radio in the United States. As of January 31, 2012, it had over 125 million registered users. The Music Genome Project and its playlist generating algorithms predict listener music preferences, play music content suited to the tastes of each individual listener and introduce listeners to music they will love. When a listener enters a single song, artist or genre to start a station, a process it calls seeding, the Pandora service generates a station that plays music it think that listener will enjoy. It generates revenue from advertising. It also offers a subscription service to listeners. The Companys service enables its listeners to create up to 100 personalized stations. Pandora provides service through two models: Free Service and Pandora One.