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Stock Market & Financial Investment News

News Breaks
April 15, 2014
10:16 EDTP, SIRIPandora rises after optimistic notes from analysts
Shares of Internet radio provider Pandora Media (P) are advancing after one research firm upgraded the stock and another remained upbeat on the shares. WHAT'S NEW: In a note to investors earlier today, research firm Maxim Group upgraded Pandora to Buy from Hold. After Pandora's stock tumbled nearly 40%, the shares have reached an attractive entry point, Maxim Group analyst John Tinker wrote. Noting that the Media Ratings Council accredited Triton's webcast measurement service, Tinker thinks this development will increase advertisers' confidence in Pandora's audience data. Pandora provides Triton's audience data to its advertisers. The Media Ratings Council was founded by the broadcast industry in the 1960s to review and accredit audience rating services, according to its website. Organizations that provide ratings for traditional radio also receive their accreditation from the council, Tinker wrote. Meanwhile, Pandora has received some favorable news regarding royalties in recent weeks, suggesting that its royalty rate will remain "manageable," the analyst added. He set a $55 price target on the shares. Separately, Pacific Crest analyst Corey Barrett wrote that Pandora would eventually become a "quintessential" part of high tech cars. Pandora's penetration of automobiles could match that of Sirius XM (SIRI) by 2017, the analyst predicted. Pandora's opportunity in cars should more than offset the increasing competition it is facing, and a slowdown in the growth of its mobile user growth in the near-term, Barrett believes. He kept a $45 price target and Outperform rating on the shares. PRICE ACTION: In early trading, Pandora climbed 72c, or 3%, to $26.
News For P;SIRI From The Last 14 Days
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October 22, 2014
11:18 EDTPPandora launches marketing platform AMP for artists
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October 21, 2014
15:22 EDTPPandora volatility elevated into Q3 and outlook
Pandora October weekly call option implied volatility is at 135, November is at 70, December is at 58, January is at 57; compared to its 26-week average of 55 according to Track Data, suggesting large price movement into the expected release of Q3 results on October 23.
October 20, 2014
07:24 EDTPPandora expected to meet/beat high-end of Q3 guidance, says Wedbush
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October 17, 2014
10:31 EDTPPandora calls active on renewed speculation of an activist investor
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10:20 EDTPPandora spikes higher, levels to watch
Shares are up 3% to $22.70 on a sharp spike in the last ten minutes. At current price resistance is at $23.23. Support is at $22.45, the opening price of the day.
10:16 EDTPRumor: Pandora moves up on renewed speculation of an activist investor
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October 16, 2014
05:50 EDTSIRIStocks with implied volatility movement; SHPG SIRI
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October 15, 2014
10:50 EDTPPandora November volatility elevated into Q3 and outlook
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October 13, 2014
07:22 EDTPSony/ATV could ditch licensing firms due to streaming dollars, NY Post reports
Sony/ATV Music Publishing (SNE) is considering no longer dealing with performance rights groups BMI and ASCP, and instead negotiating directly with online music services like Pandora (P), YouTube (GOOG) and Spotify due to outdated rules and low royalties, the New York Post reports. Reference Link
October 9, 2014
14:10 EDTP, SIRIShazam, Sun Broadcasting to launch customized, interactive radio content
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08:02 EDTPPandora announces new auto partnership with Ford Australia
Pandora (P) Internet Radio has officially announced its partnership with Ford (F) Australia. The launch, effective across a range of nameplates including Fiesta ST and Focus ST and Ford Kuga line up, will continue to roll out across other Ford nameplates including the Fiesta, Focus, Ranger and Transit range by early 2015. Pandora locally also partners with Holden and Mazda, and will soon be released on new model Nissans (NSANY).
07:29 EDTPPandora 2016 EBITDA likely to beat consensus, says Oppenheimer
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