Tag Archives: apple

Apple Music Launch Sends Shrapnel Into Pandora Stock

Pandora Media (P) stock plunged by more than a third Friday to its lowest point in 1 1/2 years, after the leading Web radio service got at least five ratings downgrades and one price-target cut as the business reported a stall in its active listener growth, and as Pandora announced a $90 million settlement with record companies. The June launch of Apple (AAPL) Music — a service combining paid subscription streaming of music with a 24/7 live global

Apple stock rises as iPhone sales concerns ease

Apple (AAPL) shares pressed higher on Friday after the company received several upbeat analyst reports ahead of its fiscal fourth-quarter earnings release on Tuesday. Apple stock was near 119, up almost 3% in afternoon trading on the stock market today. Maxim Group analyst Nehal Chokshi upgraded its rating on Apple to buy from hold and raised his price target to 167 from 144. “We have greater confidence that the key gross margin bear thesis will