Orlando, FL -- (SBWIRE) -- 10/17/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Pandora Media Inc (NYSE:P), Elan Corporation, plc (ADR) (NYSE:ELN).
Pandora Media Inc (NYSE:P) shares increased 6.04% to $26.70. Investment analysts at Cowen and Company raised their price target on shares of Pandora Media from $23.00 to $29.00 in a note issued to investors on Oct. 14. The firm currently has an “outperform” rating on the stock.
Additionally, the company on Oct. 2 announced new metrics that were reached in the month of September 2013. Listener hours for Pandora during the month of September 2013 were 1.36 billion, an increase of 18% from 1.15 billion during the same period last year. Active listeners were 72.7 million at the end of September 2013, an increase of 25% from 58.3 million during the same time period last year.
Are investors worried about the recent updates with P? Find out with a free trend analysis HERE
Elan Corporation, plc (ADR) (NYSE:ELN) stock gained 0.56% and closed at $16.19. The company on Sept. 30 announced that it has scheduled shareholder meetings for Monday, November 18, 2013 in connection with Perrigo Company’s (NYSE, TASE: PRGO) (“Perrigo”) proposed acquisition of Elan.
As previously announced on July 29, 2013, Perrigo and Elan have entered into a definitive agreement pursuant to which New Perrigo will acquire Elan in a stock-and-cash transaction valued at approximately $8.6 billion (the "Acquisition"). The Acquisition will be effected by means of a “Scheme of Arrangement” under Irish law (the “Scheme”).
Is ELN going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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