Loading...
Loading...
Pandora
P shares are trading higher by $0.54 AT $12.05 Monday's session. The catalyst for the rally is comments from a Barrington analyst that stated the closing of the Ticketfly deal and Pandora News shows, will allow the company "to monetize more than songs." Wedbush's Michael Pachter disagrees and characterized the rally a a "'dead cat bounce". So far, the rally off the open has been stymied just shy of Friday's high ($12.16), only reaching $12.15. If the rally continues through this area, it will have another pair of highs to contend with from Wednesday's ($12.50) and Thursday's ($12.52) sessions.
Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.
Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in