Pandora Sadly taking a beating to threat of new competition

Pandora shares, in turn, also ticked down Monday, falling nearly 5% to close at $16.95 on fears about competition from U.K. music service Spotify. The overseas music start-up announced last week it would be entering into the U.S. market after more than two years of speculation.

Pandora said earlier this month it had hit 100 million registered users. It also unveiled a new Web site designed to be faster and more social.

Shares of the online radio company have risen over 26% since its IPO last month.

As the Dow Jones Falls

We major competitors for Pandora. There is so much bad news of Pandora not being able to maintain stability. People are expecting new changes from Pandora before they see a new rise.

Pandora's Past Week Trends July 11- July 15

This week Pandora has fallen from $19 to $17. The stock has always dropped about fifty cents then always around mid day around 10am-11am PST this stock has always had a toll going back north. Good buy and sell markers.



17.78 -0.01‎ (-0.06%‎) Jul 15 4:00pm ET
17.50‎ -0.28‎ (-1.57%‎) After Hours
Open: 18.05
High: 18.25
Low: 17.15

Volume: 805,858
Avg Vol: 4,545,000
Mkt Cap: 2.84B