Finally, Pandora Media Inc (NYSE:P) rallied to an all-time acme of $39.58 earlier yesterday, despite an Albert Fried analyst calling a possible Microsoft Corporation (NASDAQ:MSFT) bid a “fairy tale.” P calls are trading at a faster-than-usual clip, with roughly 13,000 contracts exchanged — a 66% mark-up to its average intraday volume, and nearly double the number of puts traded. While much of the volume has consisted of profit taking — speculators are selling-to-close their in-the-money calls — some short-term optimists are gambling on more upside for P, buying to open weekly 2/28 39.50-strike calls. In afternoon trading, P has pared its lead to 3.8% to flirt with $39.28.Pandora Media Inc (NYSE:P) stock opened at $38.36 in last session, and closed at $39.17, while the day range of P stock is $38.23-$39.68. The stock showed a positive weekly performance of 3.51%.
Saga Communications (NYSE:SGA) major shareholder Towerview Llc sold 5,899 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $54.53, for a total value of $321,672.47. Following the transaction, the insider now directly owns 1,247,858 shares of the company’s stock, valued at approximately $68,045,697. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC. Saga Communications, Inc. (NYSEMKT:SGA) stock opened at $51.22, in last session and closed at $54.43, by gained 7.12%.The 52 week range was $39.64-$55.00.Company’s market capitalization is $309.46 million.
Emmis Communications (NASDAQ:EMMS) jumped 4.7% after a federal court rules in favor of Emmis (NASDAQ:EMMS) regarding dissident preferred shareholders. The judge now orders final judgement in the case. This ends a two-year fight with preferred shareholders who objected to Indianapolis-based media company’s decision to eliminate stock dividends and remove voting rights. Emmis Communications Corporation (NASDAQ:EMMS) stock gained 5.03% and finished the last session at $3.34. The EPS of the stock remained 0.08.Company’s market capitalization is $139.23 million.
Sirius XM Holdings Inc. (NASDAQ:SIRI) is a “Buy” with a score of B, an indication of its strengths in the market. Sirius strengths can be seen in its fourth quarter where it registered impressive revenue growths accompanied with a good cash flow from its operations. The fourth quarter also saw the company expand its profit margins with its stock price having been on an increasing pattern over the past year. Sirius XM Holdings Inc. (NASDAQ:SIRI) stock opened the session at $3.59, and closed the session at $3.59. The 52 week range of the SIRI stock remained $2.95-$4.18 and the day range was $3.57-$3.63.