Pandora Stock Continues Downward Spiral Thursday

Pandora [P] stock continued its downward trend on Thursday. By mid-morning, Pandora stock was down another 3.7%, trading at $9.58 and headed towards its own 52 week low of $9.49.

Pandora [P] stock continued its downward trend on Thursday. By mid-morning, Pandora stock was down another 3.7%, trading at $9.58 and headed towards its own 52 week low of $9.49.In addition to a poor earnings report and conflicting sale rumors, several analysts downgraded the stock this week.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. (MORE)