Pandora Media, Inc. (P) was a big mover last session, as the company saw its shares surge by more than 12% on the day. The move came on solid volume too, as far more shares changed hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $15.23 to $21.71 seen in the past three months.
The company has seen six negative revisions in the past few weeks and its earnings consensus has moved lower over the past month, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent rally can last.
Pandora currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better performing Internet Services stocks include Blucora, Inc. (BCOR), Blue Calypso, Inc., (BCYP) and United Online, Inc. (UNTD). While Blucora holds a Zacks Rank #1 (Strong Buy), the other two stocks carry a Zacks Rank #2 (Buy).
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