Shares of Pandora Media (NYSE:P) were gapping down Wednesday morning with an open price 15.4% lower than Tuesday's closing price. The stock closed at $9.45 yesterday and opened today's trading at $7.99.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Shares of Pandora Media (NYSE: P) were gapping down Wednesday morning with an open price 15.4% lower than Tuesday's closing price. The stock closed at $9.45 Tuesday and opened today's trading at $7.99.
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The average volume for Pandora Media has been 4.6 million shares per day over the past 30 days. Pandora Media has a market cap of $1.51 billion and is part of the services sector and media industry. Shares are down 10.5% year to date as of the close of trading on Tuesday. Pandora Media, Inc. provides an 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 a paid subscription service to listeners. TheStreet Ratings rates Pandora Media as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Pandora Media Ratings Report. Get more investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.