Sr. Correspondent, Broker Research, Bangalore, India
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Oct 31, 2014
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Pandora Media share slide draws bullish options trade

NEW YORK (Reuters) – Pandora Media Inc shares slid more on Thursday, touching a 52-week low after the Internet radio service operator’s disappointing results last week, but trading in the options market showed some expect the share price to recover.

Pandora shares have shed nearly a fifth of their value since Oct. 23, when it reported a lower-than-expected increase in listeners in the third quarter. The shares were down 3.3 percent to $18.59 on Thursday. But the weakness prompted some bullish bets on the stock in the options market.

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    • About Saqib

      "Saqib Ahmed is an options correspondent working with the Markets team in New York. He previously led the Reuters Broker Research team in Bangalore. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
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