Pandora Media, Inc. (P) Files Form 4 Insider Selling : Christopher Douglas Martin Sells 2,000 Shares

Pandora Media, Inc. (P): Christopher Douglas Martin , Chief Technology Officer of Pandora Media, Inc. sold 2,000 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $11.62 per share for a total value of $23,241.60 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, Timothy Leiweke (director) purchased 10,000 shares at $11.64 per share price.On May 31, 2016, Christopher Douglas Martin (Chief Technology Officer) sold 24,235 shares at $11.12 per share price.Also, On May 31, 2016, Capital Inc Crosslink (other) purchased 250,000 shares at $11.33 per share price.On May 3, 2016, Michael S Herring (CFO) purchased 50,000 shares at $9.21 per share price.

Pandora Media Inc: On Friday, Jun 3, 2016 heightened volatility was witnessed in Pandora Media Inc which led to swings in the share price. The shares opened for trading at $12.21 and hit $12.79 on the upside , eventually ending the session at $12.52, with a gain of 2.96% or 0.36 points. The heightened volatility saw the trading volume jump to 78,71,603 shares. The 52-week high of the share price is $22.6 and the company has a market cap of $2,864 M . The 52-week low of the share price is at $7.1.

Pandora Media Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Pandora Media Inc is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 19, 2016.Pandora Media Inc is Initiated by Citigroup to Buy and the brokerage firm has set the Price Target at $16. The Rating was issued on Apr 12, 2016.Pandora Media Inc is Initiated by Mizuho to Neutral and the brokerage firm has set the Price Target at $10. The Rating was issued on Mar 30, 2016.

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 Company’s technologies include Music Genome Project and Comedy Genome Project.

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Pandora Media Inc - Is it time to Sell?

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