Losers on major news: Google Inc (NASDAQ:GOOG), Amazon.com, Inc. (NASDAQ:AMZN), Sprint Corporation (NYSE:S), Pandora Media Inc (NYSE:P), Comcast Corporation (NASDAQ:CMCSA)

Google Inc (NASDAQ:GOOG) is aiming for a slice of Amazon.com, Inc. (NASDAQ:AMZN) pie in a move that signals the search giant’s quest to become a national retailer. The company yesterday announced that it will start overnight delivery services to customers in Northern California, which encompasses over 14 million people. Google Inc (NASDAQ:GOOG) weekly performance is -3.03%. On last trading day company shares ended up $544.66. Google Inc (NASDAQ:GOOG) distance from 50-day simple moving average (SMA50) is 1.06%.

Amazon.com, Inc. (NASDAQ:AMZN) said it is holding a mystery “launch event” on June 18, prompting speculation that the new product in the works is a 3D smartphone. Amazon.com, Inc. (NASDAQ:AMZN) shares fell -0.13% in last trading session and ended the day on $306.78. AMZN Gross Margin is 27.80% and its return on assets is 0.90%. Amazon.com, Inc. (NASDAQ:AMZN) quarterly performance is -17.61%.

Sprint Corporation (NYSE:S) is nearing a deal to acquire T-Mobile US, Inc. (NYSE:TMUS) for about $40 per share in cash and stock that would most likely be targeted by anti-trust regulators, according to media reports on Wednesday. The deal, which values T-Mobile at about $32 billion, is expected to be formally announced in early July. Sprint Corporation (NYSE:S) shares moved down -1.05% in last trading session and was closed at $9.40, while trading in range of $9.35 – $9.59. Sprint Corporation (NYSE:S) year to date (YTD) performance is -12.56%.

Pandora Media Inc (NYSE:P) reported that listening hours increased year-over-year in May. The firm also reported that its share of total U.S. radio listening moved higher as compared to 7.3%. Pandora Media Inc (NYSE:P) reported that it had 77 million active listeners in May, higher as compared to 70.8 million in the year-earlier period. Pandora Media Inc (NYSE:P) ended the last trading day at $24.52. Company weekly volatility is calculated as 4.73% and price to cash ratio as 14.76. Pandora Media Inc (NYSE:P) showed a negative weekly performance of -3.04%.

On 3 JUNE Comcast Corporation (NASDAQ:CMCSA) had launched a plan named ‘ Internet Essentials’ for those families who earned very less income and can’t afford to pay higher internet charges on the monthly basis. But the only condition company has put in the plan is that the low income level family should have school going children. Comcast Corporation (NASDAQ:CMCSA) net profit margin is 10.90% and weekly performance is 0.85%. On last trading day company shares ended up $52.29. Analysts mean target price for the company is $60.77. Comcast Corporation (NASDAQ:CMCSA) distance from 50-day simple moving average (SMA50) is 3.30%

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