Pandora has been on a bit of a rollercoaster lately. The stock has been all over the place, with shares currently down after the music streaming service barely missed revenue estimates by just $2 million. Last year, Pandora rejected a buyout offer from SiriusXM parent company Liberty Media Corp., but now Pandora looks like they’re ready to make a deal — kind of…
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APPLE BECOMES FIRST U.S. COMPANY TO EVER REACH $800 BILLION VALUE
Apple’s market capitalization briefly crossed the $800 billion threshold for the first time on Monday, marking another major milestone for the world’s most valuable company.
Following a positive analyst report, Apple’s shares (AAPL, +0.64%) rose over 3% in midday trading to a record high of $153.70. At one point, the company’s market value rose above $800 billion before retreating below that barrier.
Apple’s shares closed up 2.7% for the day at $153.01, good for a market value of $797.8 billion.
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BITCOIN CONTINUES TO PICK UP STEAM; BLOWS PAST $1,700
Bitcoin seems unstoppable, topping $1,700 for the first time on Tuesday. The cryptocurrency is up 5.71% at $1,758.45 a coin, as trade grinds higher for the 16th time in 18 sessions. It has gained nearly 50% during its run. Tuesday’s gain comes without any obvious catalyst as traders await the US Securities and Exchange Commission’s ruling on whether it will reverse its decision to reject the Winklevoss twins’ exchange-traded fund.
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Closing Bell
– Tuesday, May 9th
Markets See Mixed Close as Energy Dips
Big Insider Trades
– Netflix, Inc. (NFLX) Chief Product Officer Neil Hunt Sells $4m
– Kite Pharma, Inc. (KITE) CEO Arie Belldegrun Buys $1.1m
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