The shares of Amazon.com, Inc. (NASDAQ:AMZN) and Pandora Media Inc (NYSE:P) declined significantly as investors were disappointed by the earnings guidance provided by both companies for the second quarter. The two companies were among those that led the losses in the U.S. stock markets on Friday. Pandora Media Inc(NYSE:P) shares after opening at $25.50 moved to $25.87 on last trade day and at the end of the day closed at $23.51. Company price to sales ratio in past twelve months was calculated as -28.00 and price to cash ratio as -16.20. Pandora Media Inc (NYSE:P) showed a negative weekly performance of -12.99%.
Salem Communications Corporation (NASDAQ: SALM), announced today that it plans to report its first quarter 2014 financial results after the market closes on May 6, 2014.The company also plans to host a teleconference to discuss its results on May 6, 2014 at 2:00 p.m. Pacific Time. Salem Communications Corp (NASDAQ:SALM) shares fell -4.03% in last trading session and ended the day on $8.58. SALM return on equity ratio is recorded as -1.40% and its return on assets is -0.50%. Salem Communications Corp (NASDAQ:SALM) yearly performance is -3.27%.
Sirius XM Holdings (NASDAQ:SIRI)‘s stock had its “hold” rating reaffirmed by Wunderlich in a research note issued on Wednesday, American Banking and Market News reports. They currently have a $3.50 price target on the stock, down from their previous price target of $3.80. Wunderlich’s price objective would indicate a potential upside of 9.55% from the stock’s previous close. Sirius XM Holdings Inc. (NASDAQ:SIRI) shares moved down -2.35% in last trading session and was closed at $3.12 while trading in range of $ 3.08 – 3.18 . Sirius XM Holdings Inc.(NASDAQ:SIRI) year to date (YTD) performance is -10.60
Spanish Broadcasting System Inc. (NASDAQ:SBSA) saw some correction in its previous trading session, which otherwise had been on an upward trend In the past week. The momentum indicators as well as the relative strength index are in the overbought zone, which implies the stock may correct some more from the current levels. The traders can take a short term short call on the stock with a target of $5.64 and a stop loss of $7.46. Traders can take a high buy call on the stock with a target of 7.46 and a strict stop loss of $5.66. Spanish Broadcasting System Inc (NASDAQ:SBSA) weekly performance is -4.47%. On last trading day company shares ended up $6.20. Spanish Broadcasting System Inc(NASDAQ:SBSA) distance from 50-day simple moving average (SMA50) is 10.20%. Analysts mean target price for the company is $2.00