- Stephen Mandel's Lone Pine Capital has disclosed a 5.3% stake in Pandora (P). At current levels, the stake is worth $270M. (13G)
- Pandora rose 1.2% AH on the disclosure. It came on a day when rival Rdio launched a free iOS/Android Web radio service that doesn't contain any ads. The company is also offering a $10/month, Spotify-like, on-demand service.
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com