Rochester, NY -- (SBWIRE) -- 12/04/2013 -- Pandora (NYSE:P) shares are on the move on the announcement total listener hours for November were up 18% versus the same period in 2012.
In addition the number of active users rose 16% to 72.4 million, compared with November 2012, Pandora states the company's share of the total radio market rose to 8.44% from 7.17%.
Traders found this news encouraging and had bid up the stock aggressively in morning trading.
Pandora (NYSE:P) will probably get a lot of new attention over the next few days and every smart trader knows the more new people looking at a stock the better the odds of tradeable price swings. This is especially true for over the counter stocks where investor awareness campaigns are the primary market driver. These campaigns can generate a buzz and an influx of new interest that can send a stock price soaring. Whisper from Wall Street specializes in identifying otc companies undergoing awareness campaigns and alerting our readers before the market opens.
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