Pandora Lower In Volatile Session
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
Pandora Media Inc (NYSE: P) shares ended Monday's session lower by $0.70 at $17.69. The issue has been volatile from various comments made at Apple's Worldwide Developers Conference.
Off the open, Pandora shares found resistance just above Friday's close ($18.39), reaching $18.47 before turning lower. So far, the decline has reached $17.59 and ended the day just off the lows for the session.
The current low matches Pandora's low from May 20, and is just above its low from May 6 at $17.42.
Monday's decline is taking place on slightly above-average volume, as 5 million shares have traded compared to its 20-day average of 3.56 million.
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