Why Investors Are Watching: Pandora Media Inc. (NYSE:P), Arca Biopharma (NASDAQ:ABIO), Fusion-IO (NYSE:FIO), Simon Property Group (NYSE:SPG)

Several major U.S. music companies sued Pandora Media Inc. (NYSE:P) on Thursday, accusing the online streaming service of cheating them out of royalties by playing thousands of pre-1972 recordings without paying royalties. Pandora Media Inc. (NYSE:P) shares after opening at $27.16 moved to $27.68 on last trade day and at the end of the day closed at $27.02. Company price to sales ratio in past twelve months was calculated as 9.07 and price to cash ratio as 11.91. Pandora Media Inc. (NYSE:P) showed a positive weekly performance of 1.35%.

ARCA biopharma Inc. (NASDAQ:ABIO) announces genetic screening of first patient in GENETIC-AF Phase 2B/3 clinical trial. Arca Biopharma Inc. (NASDAQ:ABIO) shares fell -0.62% in last trading session and ended the day on $1.60. ABIO return on equity ratio is recorded as -62.10% and its return on assets is -58.30%. Arca Biopharma Inc. (NASDAQ:ABIO) yearly performance is -19.60%.

Fusion-io (NYSE:FIO) announced that it will report financial results for the fiscal third quarter 2014 after the U.S. financial markets close on Wednesday, April 23, 2014. The company will host a conference call and simultaneous audio-only webcast at 5:00 p.m. (Eastern Time). Fusion-IO, Inc. (NYSE:FIO) shares moved down -1.36% in last trading session and was closed at $9.41, while trading in range of $9.31 – $9.69. Fusion-IO, Inc. (NYSE:FIO) year to date (YTD) performance is 5.61%.

Simon Property Group (NYSE:SPG) has been given an average recommendation of “Buy” by the sixteen analysts that are presently covering the company, Analyst Ratings.Net reports. Four research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $181.83. Simon Property Group Inc. (NYSE:SPG) weekly performance is 1.68%. On last trading day company shares ended up $169.86. Simon Property Group Inc. (NYSE:SPG) distance from 50-day simple moving average (SMA50) is 4.82%. Analysts mean target price for the company is $181.91.