Pandora Media Gains; Listener Hours Rise 14% in March

Pandora Media (P) shares were higher more than 3% in recent pre-market trade after saying that listener hours rose 14% to 1.71 billion in March while the share of the total U.S. radio listening rose to 9.11% from 8.05% a year ago.

The internet radio service said active listeners amounted to 75.3 million and the end of March, up 8% from 69.5 million in the same period a year ago.

Pandora will discontinue monthly disclose of key audience metrics and the final release will be provided in June for May.

P is trading in the upper half of the 52-week range between $12.66 and $40.44.

In Other Market News

Celldex Therapeutics Inc. (CLDX) rose in pre-market trading after saying research data for an experimental cancer drug will be presented at a conference.

The biotech company will discuss findings from a study of anti-tumor activity of CDX-014, an antibody-drug conjugate that targets the cancer protein TIM-1.

The American Association of Cancer Research conference will be in San Diego on April 5-9.

Celldex rose 0.6% in early trading to $17.90 a share. It has traded from $10.73 to $38.84 in the past 52 weeks.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone