Why Pandora Media Is Up 80% Year to Date in 2018 [The Motley Fool]
PANDORA MEDIA (P)
Last pandora media earnings: 7/31 04:01 pm
Check Earnings Report
US:NYSE Investor Relations:
investor.pandora.com
Company Research
Source: The Motley Fool
What may have looked like a guaranteed 130% jump at first has become a smaller gain over time, because the music service is being bought with stock instead of cash. Shares of streaming-music-service operator Pandora Media ( NYSE:P ) have gained 81% so far in 2018. The big jump is no surprise, since satellite radio veteran Sirius XM Holdings ( NASDAQ:SIRI ) is buying the company in a $3.5 billion deal. But that was the proposed buyout price at the announcement in late September -- Pandora is actually worth just $2.8 billion today. There are actually good reasons for all of that. Let me walk you through why Sirius is buying Pandora in the first place, and then we'll get around to why the deal's value has fallen 21% in less than two months. Sirius and Pandora -- two longtime rivals -- are joining forces. Image source: Getty Images. What Sirius XM sees in Pandora The two companies have been rivals for many years. Fellow Motley Fool contributor Rick
Show less
Read more
Impact Snapshot
Event Time:
P
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
P alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
P alerts
High impacting PANDORA MEDIA news events
Weekly update
A roundup of the hottest topics