Live & Touring

Music Stocks: Pandora, Live Nation Soar, Spotify Down

Arrows up and downMost major music stocks are generally having a great day on Wall Street, with the exception of Spotify. As of mid-day Friday, most major indexes were up 1-2%. But Pandora is up a whopping 25% and Live Nationis up more than 11% after both reported financials that, while mixed, beat analysts expectations  Spotify, on the other hand…

At mid-day Friday, Spotify stock [NYSE: SPOT] was down 2.11% trading around $157.00, off a high of $171.23 since first going public last month. 

Earlier this week Spotify reported earnings that fell slightly below analysts expectations at a time of increased competition and solid, but not inspiring, user growth.

Read more and our full analysis here.

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