Update (4:14 p.m. EST): Updated with closing price, day high and low prices, price change and volume information.
NEW YORK (TheStreet) -- Pandora Media Inc. (P) rose 2.7% to $35.05, up 92 cents from its previous close of $34.13, at the close of the trading day on Wednesday after the company began its personalized station recommendations on mobile devices.
The stock had a volume of 9,305,077, slightly more than its average of 9,217,450. It hit a high of $35.48 and a low of $34.34 for the day.
Pandora released the personalized station recommendations on iOS and Android smartphones and tablets. The feature takes advantage of Pandora's sophisticated recommendation technology to suggest new stations to consumers based on their preferences.
Pandora hit a one-year high of $35.48 as of 11:13 a.m. Wednesday. The Oakland-based streaming service has amassed 76.2 million active monthly listeners and delivered a record 1.58 billion hours of content in December 2013.
TheStreet Ratings team rates PANDORA MEDIA INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about its recommendation:
"We rate PANDORA MEDIA INC (P) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share."
Highlights from the analysis by TheStreet Ratings Team goes as follows: