Pandora Media (P) : $4.4 million worth of transactions were on upticks in Pandora Media (P), compared to $3.07 million on downticks. The ratio between the two was 1.43, whereas, the net money flow stood at a healthy $1.33 million on Tuesdays session.The block trades show a bullish bias with only $0.67 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $1.5million worth of trades. The up-down ratio between the uptick and downtick was 2.24, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $0.83 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.46%. The stock was trading at $12.98, with a drop of $0.06 over the previous days close. The stock recorded -2.26% for the week.
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 6.76% . During last six month period, the net percent change held by insiders has seen a change of 32.9%. In an insider trading activity, The officer (Chief Technology Officer), of Pandora Media, Inc., Martin Christopher Douglas had unloaded 2,000 shares at $11.19 per share in a transaction on June 16, 2016. The total value of transaction was $22,380. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Shares of Pandora Media, Inc. rose by 2.91% in the last five trading days and 12.67% for the last 4 weeks. Pandora Media, Inc. is up 51.45% in the last 3-month period. Year-to-Date the stock performance stands at -2.54%.
Pandora Media (NYSE:P): stock turned positive on Tuesday. Though the stock opened at $13.06, the bulls momentum made the stock top out at $13.18 level for the day. The stock recorded a low of $12.95 and closed the trading day at $13.07, in the green by 0.23%. The total traded volume for the day was 7,230,470. The stock had closed at $13.04 in the previous days trading.
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.