Pandora Media, Inc.
) was a big mover last session, as the company saw its shares
surge by more than 12% on the day. The move came on solid volume
too, as far more shares changed hands than in a normal session.
This reverses the recent trend of the company, as the stock is
now trading above the volatile price range of $15.23 to $21.71
seen in the past three months.
The company has seen six negative revisions in the past few
weeks and its earnings consensus has moved lower over the past
month, suggesting there may be trouble down the road. So make
sure to keep an eye on this stock going forward to see if this
recent rally can last.
Pandora currently has a Zacks Rank #3 (Hold) while its
Some better performing Internet Services stocks include
Blue Calypso, Inc.,
United Online, Inc.
). While Blucora holds a Zacks Rank #1 (Strong Buy), the other
two stocks carry a Zacks Rank #2 (Buy).
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