Despite a new cash infusion of $150 million from KKR and fresh sale rumors. Pandora [P] stock continued its downward trend on Wednesday. Just after Noon ET, Pandora stock was trading at $9.79 and headed near its 52 week low of $9.49.
Several analysts also downgraded the stock's target price $2 on Tuesday.
A new report claims that Pandora is actively trying to sell and confident that it can close a deal to close within 30 days. SiriusXM is believed to be the most logical buyer. (MOREMORE)