Music Business

Pandora [P] Stock Continues Falling Despite New $150M Investment, Sale Rumors

Despite a new cash infusion of $150 million from KKR and fresh sale rumors. Pandora [P] stock continued its downward trend on Wednesday. Just after Noon ET, Pandora stock was. Continue reading [https://www.hypebot.com/hypebot/2017/05/pandora-p-stock-continues-to-fall-despite-150m-investment-sale-rum

, and Bruce Houghton

May 10, 2017

Despite a new cash infusion of $150 million from KKR and fresh sale rumors. Pandora [P] stock continued its downward trend on Wednesday. Just after Noon ET, Pandora stock was trading at $9.79 and headed near its 52 week low of $9.49.Several analysts also downgraded the stock's target price $2 on Tuesday.A new report claims that Pandora is actively trying to sell and confident that it can close a deal to close within 30 days. SiriusXM is believed to be the most logical buyer. (MOREMORE)