Pandora and Apple Make Big Strides with Music Strategy

Pandora (NYSE:P) shares are up after news of a November listenership increase of 13%-25% in the 10 largest U.S. radio markets, including 25% growth in the NYC metro area. The service’s weekly cumulative audience among adults age 18-49 included more than 1M individual listeners in each of the top two markets, NY and LA.

P shares recently traded at $10.60, up $0.67, or 6.75%. They have traded in a 52-week range of $9.15 to $26.00. Volume today was 2,160,215 shares versus a 3-month average volume of 855,825 shares. The company’s trailing earnings are $-0.22 per share. Get the most recent company news and stock data here >>

Apple (NASDAQ:AAPL) has at last launched iTunes music and movie stores in Brazil (NYSE:EWZ) and 15 other Latin American countries (NYSE:ILF). A recent increase in Latin American sales – Apple’s income in Brazil rose 118% Y/Y in FQ4 – may have prompted the company to invest more resources in the region.

AAPL shares recently traded at $392.27, up $0.43, or 0.11%. They have traded in a 52-week range of $199.25 to $364.90. Volume today was 6,475,576 shares versus a 3-month average volume of 17,237,200 shares. The company’s trailing P/E is 14.17, while trailing earnings are $27.68 per share. Get the most recent company news and stock data here >>

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