Pandora Media Inc P shares are trading higher by $0.08 (2 percent) at $13.41 in Monday's session. This comes on top of Friday's gain of nearly $2.00, rallying from $11.48 to $13.33.
These gains were fueled by speculation at the renewed takeover interest from Sirius XM SIRI.
After a lower open, it dipped only $0.08 to $13.00 before turning higher. So far it surpassed Friday's ($13.57), reaching $13.64, but has fallen back under it. The current high is only a few cents shy of its November 11 high.
If the rally continues, based on the daily charts, its next resistance level does not come in until its October 11 high ($14.09). The day before is the last time the issue closed above $14.00, when it ended the session at $14.09.
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