Pandora Media (NYSE:P) has tumbled 0.34% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 7.34% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.85% and the outperformance has advanced to 6.36% for the last 4 weeks period.
Pandora Media (NYSE:P): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.54 and $11.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.56, notching a gain of 0.09% for the day. The total traded volume was 4,434,163 . The stock had closed at $11.55 on the previous day.
The company shares have dropped -30.99% 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 Feb 12, 2016. The 50-Day Moving Average price is $10.81 and the 200 Day Moving Average price is recorded at $10.52.
On the companys insider trading activities, 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 $11.62 in a transaction dated on June 1, 2016. The total value of the transaction was worth $23,240.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Scotiabank upgrades its outlook on Pandora Media (NYSE:P). The current rating of the shares is Sector Perform, according to the research report released by the firm. Previously, the company had a rating of Underperform. The rating by the firm was issued on June 14, 2016. Currently 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 7.03% . During last six month period, the net percent change held by insiders has seen a change of 33.24%.
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.