Here’s Why Pandora and Groupon Shares are Crashing Over 6%

Pandora Media Inc. (NYSE:P): Following a FQ3 report noting increased listener hours and better mobile monetization, Pandora is still strong with IPO underwriters JPMorgan (NYSE:JPM) and Morgan Stanley (NYSE:MS). However sales of shares are still down, due in part to weak FQ4 EPS projections. Pandora’s attempts to increase profits remain hampered by the huge royalty payments it makes to music studios in proportion to listener hours.

P shares recently traded at $11.02, down $0.83, or 7%. Its market capitalization is $1.78 billion. They have traded in a 52-week range of $9.33 to $26.00. Volume today was 1,398,032 shares versus a 3-month average volume of 762,585 shares. The company’s trailing earnings are $-0.59 per share. Get the most recent company news and stock data here >>

Groupon, Inc. (NASDAQ:GRPN): Groupon is now trading at $17.48, far below the $20 offering price. The shares are down about 35% from their opening trades in the $30 range following the IPO less than 3 weeks ago.

GRPN shares recently traded at $17.48, down $2.59, or 12.9%. Its market capitalization is $11.15 billion. They have traded in a 52-week range of $16.84 to $31.14. Volume today was 5,952,444 shares versus a 3-month average volume of 6,714,430 shares. The company’s trailing earnings are $-2.17 per share. Get the most recent company news and stock data here >>

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