This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Pandora Pops, Apple Drops: Winners and Losers

Stocks in this article: AAPL P NFLX TWTR

Updated from 5:07 p.m. to include corrections.

NEW YORK (TheStreet) -- Apple (AAPL) shares fell 0.27% to $645.57 following a week in which the company made several announcements at its Worldwide Developer Conference. On top of software updates, speculation about a potential iWatch as well as advertisements for the company's iPhone 5s further fueled the fire this week.

Shares of Apple are set to begin trading split adjusted, making it the first time the tech titan split its stock since Feb. 18, 2005.

Starting Monday, the most valuable company in the world will split its shares seven-for-one, and the share price will drop from $645.57 at today's close to approximately $92.22.

Netflix (NFLX) shares rose 0.42% to $430.13 after the movie streaming service was trending Friday due to the release of the second season of the Netflix original, Orange is the New Black.

The Netflix funded original series surrounds life in a female prison in New York.

Thursday night's release included the entire season - a business model unique to movie streaming sites. This on-demand model is something that the Los Gatos, Calif.-based Netflix is backing with a $3 billion content budget this year. The company projected to spend $6.2 billion on content over the next 36 months. Netflix announced Tuesday that the company intends to fund these expenditures through a $4oo million debt raise.

Pandora Media (P) shares rose 1.47% to $25.58 amid a surge of speculation surrounding a potential acquisition of the music streaming service.

With talks of Twitter (TWTR) acquiring music streaming service SoundCloud as well as eyeing Spotify, Pandora released its monthly audience metrics, something they will do for the last time.

On Wednesday, Pandora announced its listeners rose by 1 million in May creating a total 77 million audience base for the service. Pandora's active listeners rose 9% year over year. Listener hours also increased in May to 1.73 billion listener hours.

--Written by Kathryn Mykleseth in New York

>Contact by Email.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs