Pandora Plunges After Apple’s iTunes Radio Numbers and 2 Other Hot Stocks to Watch
Pandora Media Inc. (NYSE:P): Current price $23.91
Shares are getting pounded Monday, down by almost 10 percent in high volume, following Apple’s announcement that more than 11 million unique listeners have checked out its iTunes Radio product since it debuted. On Monday, Apple said that over 200 million iOS devices are now running iOS 7, the new operating system that it unveiled about two weeks ago. iTunes Radio is a free, ad-supported Internet radio service that is joined into Apple’s iOS 7.