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Stock Market & Financial Investment News

News Breaks
March 8, 2013
10:23 EDTPPandora climbs following results, CEO resignation
Internet music platform Pandora (P) is surging after reporting stronger than expected fourth quarter revenues and non-GAAP losses that were less than forecast by analysts. Moreover, the company reported that its listener hours jumped 53% last quarter, reaching 4.05B. The company's fiscal 2013 earnings per share guidance was in-line with expectations, although the midpoint of its full-year revenue guidance came in well above the consensus estimate. Also, Pandora announced that its CEO, Joseph Kennedy, had resigned and that the company would begin searching for his successor. A number of analysts were more upbeat about Pandora following the news. In a note to investors earlier today, Piper Jaffray analyst James Marsh upgraded the stock to Overweight from Neutral. Pandora's ability to raise revenue from its mobile listeners has improved and the stock should be on the cusp of an upward trend as a result, wrote Marsh, who hiked his price target on the stock to $17 from $11. Also upbeat on Pandora was Stifel Nicolaus analyst Jordan Rohan. Pandora's lead in Internet radio is increasing and the company's mobile ad rates rose significantly year-over-year, Rohan wrote. Investors should buy Pandora's stock at this time as the company should continue to beat revenue and margin expectations, the analyst believes. Rohan increased his price target on Pandora to $17.50 from $14 and maintained a Buy rating on the shares, which rallied $2.50, or 21.50%, to $14.20 in early trading.
News For P From The Last 14 Days
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July 22, 2014
10:01 EDTPPandora advances after upbeat notes from analysts
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09:16 EDTPPandora should report strong Q2 results, says Pacific Crest
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07:35 EDTPPandora checks positive, says Oppenheimer
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July 15, 2014
10:13 EDTPPandora calls active on renewed takeover chatter
Pandora July 25.5 and 28 calls are active on total call volume of 6,800 contracts (400 puts) on renewed takeover chatter. July call option implied volatility is at 64, August is at 67, September is at 61; compared to its 26-week average of 55 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
10:04 EDTPPandora spikes higher, testing resistance
The shares have spiked higher in the last five minutes off the low of the day, currently at $26.71. Traders may push to test resistance at yesterday's high at $27.19. Support is at $26.40, the prior session low.
09:58 EDTPRumor: Pandora moves up on renewed takeover chatter
06:30 EDTPDOJ investigating music publishing, possible price coordination, WSJ reports
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July 11, 2014
06:10 EDTPJPMorgan expects solid Q2 results in Internet space
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