One day after going public, Pandora Media’s stock price plunged 23% today closing at $13.40 per share. That’s below the IPO price of $16 and well under its peak of about $25. Some traders say investors are having second thoughts about the streaming radio company’s near-term revenue outlook. That’s a reversal from the past week when strong demand led Pandora to twice boost its IPO target price, according to Inside Radio.
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