Pandora Media (P) Lags In After-Hours Trading

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.

Trade-Ideas LLC identified Pandora Media ( P) as a post-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Pandora Media as such a stock due to the following factors:

  • P has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $144.5 million.
  • P is down 10.9% today from today's close.

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More details on P:

Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access free music and comedy, as well as offers Pandora One, a paid subscription service to listeners. Currently there are 16 analysts that rate Pandora Media a buy, 1 analyst rates it a sell, and 5 rate it a hold.

The average volume for Pandora Media has been 9.4 million shares per day over the past 30 days. Pandora Media has a market cap of $5.4 billion and is part of the services sector and media industry. The stock has a beta of 0.61 and a short float of 8.2% with 3.61 days to cover. Shares are up 3.6% year-to-date as of the close of trading on Wednesday.

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