Pandora Media Inc (P): Today's Featured Media Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Media industry higher today making it today's featured media winner. The industry as a whole closed the day up 0.7%. By the end of trading, Pandora Media rose $1.05 (5.9%) to $18.94 on average volume. Throughout the day, 5,167,893 shares of Pandora Media exchanged hands as compared to its average daily volume of 6,838,500 shares. The stock ranged in a price between $18.07-$18.95 after having opened the day at $18.14 as compared to the previous trading day's close of $17.89. Other companies within the Media industry that increased today were:
(
), up 9.1%,
Entravision Communications Corporation
(
), up 8.8%,
(
), up 8.8% and
(
), up 7.5%.
Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access unlimited hours of free music and comedy, as well as offers Pandora One, a paid subscription service to listeners. Pandora Media has a market cap of $3.1 billion and is part of the services sector. Shares are up 95.4% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Pandora Media a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates Pandora Media as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, poor profit margins and feeble growth in its earnings per share.
- You can view the full Pandora Media Ratings Report.
On the negative front,
(
), down 6.0%,
(
), down 5.9%,
Mandalay Digital Group
(
MNDLD
), down 5.5% and
(
), down 5.5% , were all laggards within the media industry with
(
) being today's media industry laggard.
- Use our media section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider
(
) while those bearish on the media industry could consider
ProShares Ultra Sht Consumer Services
(
).
- Find other investment ideas from our top rated ETFs lists.
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