NEW YORK (TheStreet) -- Shares of Pandora  (P) fell 6.57% to $15.36 in morning trading Monday as investors pulled out of the stock following its rise Friday on growing takeover speculation.

Henry Schwartz, president of Trade Alert and a member of TheStreet's Options Profits Team said late last week that Pandora has been a name that sees "frequent buyout speculation."

"Apple (AAPL) - Get Report and Yahoo! (YHOO)  have been mentioned in the past, but it seems as if a fresh round of takeout chatter has emerged again this week. Bullish options flow in the March 15 calls and April 7 Weekly 17 calls was detected in Pandora, trading 4.3X its average daily trading volume," Schwartz wrote.

A Pandora spokesperson told TheStreet on Friday that the company does not comment on rumors and speculation.

P

data by

YCharts