Orbitz Worldwide, Inc (NYSE:OWW) shares losing by 16.76%, Pandora Media Inc (NYSE:P)

Posted by admin May 30, 2013 0 Comment 1464 views


Orbitz Worldwide, Inc (NYSE:OWW): Wednesday’s trading session saw Orbitz Worldwide, Inc (NYSE:OWW) shares dipping 16.76%. The opening price of $8.21, moved on to touch an intraday high of $8.24 before sliding down to close at $7.25 per share. Around 4.85 million shares were traded in the session on Wednesday. This number was more than the average volume of 1.06 million which was calculated over a 30-day period

Orbitz Worldwide, Inc (NYSE:OWW) is an international online travel company. It utilizes technology to allow business and leisure travelers to search, plan as well as book a variety of travel services and products. OWW’s brand portfolio includes CheapTickets, Orbitz, ebookers in Europe, Away Network that operates in the Americas, RatesToGo and HotelClub based in Australia. It is also the owner and operator of a corporate travel company called Orbitz for Business.

Its Orbitz Worldwide Distribution group offers private-label travel solutions to a number of partners. Orbitz Worldwide, Inc (NYSE:OWW) provides its customers the functionality to book travel products and various related services from suppliers across the globe.

Pandora Media Inc (NYSE:P): Wednesday’s trading session saw Pandora Media Inc (NYSE:P) shares gaining 0.35%. The opening price of $16.86, moved on to touch an intraday high of $17.16 before sliding down to close at $16.45 per share. Around 5.71 million shares were traded in the session on Wednesday. This number was less than the average volume of 6.04 million which was calculated over a 30-day period

Pandora Media Inc (NYSE:P)’s revenue is heading upward. The company has raked-in revenue of $125.5 million in the first-quarter. This is 55% higher from the same period in 2012. Now, Pandora Media Inc (NYSE:P) holds a 7.7 percent stake in the United States’ radio-listening market. This fact is definitely a mentionable one as Internet radio generally has a tough time with keeping up with the competition that it faces from traditional music avenues.

In the same period last year, Pandora held only a 5.86% share in the radio-listening market. However, there make be dark clouds on the horizon for Pandora Media Inc (NYSE:P). The biggies, Apple and Google are heading towards streaming radio.


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