Why Pandora Media (P) Stock Is Down Today

NEW YORK (TheStreet) -- Pandora Media  (P) plunged Thursday to lead Internet and software stocks downward. The streaming radio service was one of the biggest percentage decliners throughout the trading day.

The stock fell 12.76% to $25.97 at 3:16 p.m. More than 13 million shares had changed hands, greater than the average volume of 8,539,540.

Pandora hit a low of $25.66 for the day. 

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