Can Pandora Stock Bounce Back After Last Week's 22% Drop?
Pandora (NYSE: P) investors are probably regretting that there wasn't a "skip" option when they were placing buy orders for the struggling streaming music pioneer. Shares of Pandora plunged 22.4% last week after the company posted unimpressive quarterly results on Thursday afternoon.
The weakness continues into this week. Pandora stock hit yet another all-time low on Monday, falling 5.6% for the day. Pandora stock has plummeted nearly 29% over just the past two trading days alone, and that's crushing investors and speculators that continue to miscalculate when the stock will bottom out. The shares have fallen 87% since peaking three years ago.
Image source: Pandora.
Source: Fool.com
