Pandora Media Inc (NYSE:P) up by 3.32%, Charles Schwab Corp (NYSE:SCHW)

Posted by Lynn Eisler May 13, 2013 0 Comment 1703 views


Pandora Media Inc (NYSE:P): The trading session on Friday saw Pandora Media Inc (NYSE:P) shares rising by 3.32 %. The opening price of $15.00 touched an intraday high of $15.59 per share before setting down to $14.94. The total number of shares floated in Friday’s trading session was around 3.58 million, which stood below the average volume of 4.25 million, measured over a 30-day period.

Pandora is an internet radio service in the United States. As of 31 January, it had more than 125 million registered users. The Music Genome Project as well as the play-list that generates algorithms, predict the preferences of listeners of music. The music content that is played is matched to the individual taste of every listener and it introduces listeners to the music they will appreciate and love to listen to. It works on a very simple concept but an effective one. When a listener enters search criteria such as a song, genre or artist to start a station, its starts a process called seeding.

The radio service then generates a station that plays the music it thinks the listener will enjoy listening to. Pandora Media Inc (NYSE:P) generates revenue from advertising. In addition to this, it offers listeners a subscription service

Charles Schwab Corp (NYSE:SCHW): The trading session on Friday saw Charles Schwab Corp (NYSE:SCHW) shares rising by 3.31 %. The opening price of $17.49 touched an intraday high of $18.30 per share before setting down to $17.49. The total number of shares floated in Friday’s trading session was around 14.38 million, which stood above the average volume of 9.00 million, measured over a 30-day period.

Technically, the firm has risen over 25% year-to-date, and almost 38% on a y-o-y basis. In addition to this, the recent pullback on the stock was buffered by the 20-week moving average. Since last August, this has acted primarily as a floor. However, if Charles Schwab Corp (NYSE:SCHW) is not successful in rising high enough to reward the bullish trend that was very evident at the close of the trading on Friday, the most that will be lost by the bulls is the initial premium that was paid for call purchases. The Charles Schwab Corporation is a loan and savings holding company. It is involved in banking, securities brokerage and related financial services via its subsidiaries.


About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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