Amid fears that profitability is a distant and blurry target, Pandora stock hit an all time low of $9.03 on Monday before rising slightly to close at $9.18. Pre-market trading before Tuesday's opening bell was in the $9.08 range. Monday was a down day for the market overall.
The company's stock has dropped more than $1 a share in the past week alone Pandora Media, Inc. (NYSE:P) trades 2.9 million shares a day on average and has a market cap of 1.53 billion.
