Pandora Stock Jumps After Bigger-Than-Planned Offering

Pandora Media Inc (NYSE:P) stock jumped on today's market after the company said that demand for the company's latest stock offering was much higher than anticipated. Pandora announced that it would expand the stock offering from 10 million to 13 million and priced the shares at $25.

On today's market, shares in the Internet radio company rose by 6.67 percent to sit at $27.32. That puts the company's shares at a new all-time high. Pandora Media Inc (NYSE:P) has been trading at newer and newer highs since the 9th of September. Despite growing competition in Pandora's business, the market is confident that the company can...