Spotify Announcement on the Horizon

Spotify, the digital music streaming service, will hold a global press conference on Wednesday, November 30. Using invitations with few details, the invites disclosed that Spotify founder and CEO Daniel Ek along with “a special guest or two” will make an announcement beginning at 9 a.m. PT. The company, which has already seen European success, just launched its U.S. platform back in July.

How successful it’s been in this short time as well as potential new offerings remains unknown.

The company currently offers customers a few choices: a free ad-supported service with some limits, a $4.99 unlimited service per month and a $9.99 premium service per month that offers mobile access, exclusive content, and improved audio.

Here are how top music consumer stocks are trading into the holiday weekend:

  • Pandora Media Inc. (NYSE:P): P shares recently traded at $10.87, up $0.36, or 3.43%. Its market capitalization is $1.75 billion. They have traded in a 52-week range of $9.33 to $26.00. Volume today was 167,043 shares versus a 3-month average volume of 785,825 shares. The company’s trailing earnings are $-0.59 per share. About the company: Pandora is an internet radio station generating playlists based on a user’s favorite artist or song. Pandora’s service, free to its more than 80 million registered users and available only in the US, is supported by local and national advertising. Pandora chief strategy officer Tim Westergren founded the company in 2000. Get the most recent company news and stock data here >>
  • SIRIUS XM Radio Inc. (NASDAQ:SIRI): SIRI shares recently traded at $1.76, up $0.02, or 1.15%. Its market capitalization is $6.58 billion. They have traded in a 52-week range of $1.27 to $2.44. Volume today was 8,660,941 shares versus a 3-month average volume of 72,509,000 shares. The company’s trailing P/E is 43.87, while trailing earnings are $0.04 per share. About the company: Sirius XM Radio Inc. broadcasts various channels of audio from its satellites. The Company provides its services throughout the continental United States for a monthly subscription fee. Sirius delivers various streams of commercial-free music in every genre, as well as streams of news, sports, weather, talk, comedy, and public radio. Get the most recent company news and stock data here >>
  • CBS Corporation (NYSE:CBS): CBS shares recently traded at $23.75, up $0.31, or 1.32%. Its market capitalization is $15.54 billion. They have traded in a 52-week range of $15.99 to $29.68. Volume today was 607,735 shares versus a 3-month average volume of 9,476,840 shares. The company’s trailing P/E is 13.51, while trailing earnings are $1.76 per share. The company pays a dividend of $0.40 per share for a dividend yield of 1.60%. About the company: CBS Corporation is a multimedia company that operates broadcasting, television production, and publishing businesses. The Company operates television and radio stations, produces and syndicates television programs, publishes books, provides online content as well as provides outdoor advertising. Get the most recent company news and stock data here >>
  • Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $369.60, up $2.61, or 0.71%. Its market capitalization is $343.51 billion. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 2,214,102 shares versus a 3-month average volume of 19,882,100 shares. The company’s trailing P/E is 13.35, while trailing earnings are $27.68 per share. About the company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Get the most recent company news and stock data here >>
  • Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $572.30, up $2.19, or 0.38%. Its market capitalization is $185.36 billion. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 381,906 shares versus a 3-month average volume of 3,154,270 shares. The company’s trailing P/E is 19.51, while trailing earnings are $29.34 per share. About the company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches. Get the most recent company news and stock data here >>