Pandora Media (P) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $7.13 million worth of transactions were on upticks, whereas, the downticks accounted for $6.24 million worth of transactions. The net money flow was a positive $0.89 million and the uptick to downtick ratio was 1.14. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 1.95 in their favor. The net money flow into the stock was $1.09 million. The value of block trades done on downticks was only $1.15 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $2.25 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Pandora Media (P) was trading at $11.81, down $0.19 during day. The stock slid -1.56% over the previous days close. For the week, the stock recorded -8.99% over the previous weeks close.
Pandora Media (P) : The highest level Pandora Media (P) is projected to reach is $19 for the short term and the lowest estimate is at $10. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $14.9 and the possibility the share price can swing is $2.83.
Pandora Media (NYSE:P): stock turned positive on Friday. Though the stock opened at $11.61, the bulls momentum made the stock top out at $12.7 level for the day. The stock recorded a low of $11.61 and closed the trading day at $12.28, in the green by 2.33%. The total traded volume for the day was 26,726,384. The stock had closed at $12 in the previous days trading.
In a related news,The officer (Chief Technology Officer) of Pandora Media, Inc., Martin Christopher Douglas sold 2,000 shares at $11.19 on June 16, 2016. The Insider selling transaction had a total value worth of $22,380. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.