Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

6/3/13

Pandora Media Inc. (P)

Pandora Media is silencing its investors today, down 10.58% at $15.22. The online music streaming company saw its shares fall after Apple announced it would release a competing service. Apple is pushing to complete licensing deals with music companies before it debuts a new Internet radio service. Pandora already faces competition from Spotify and new services from Google, which launched a paid subscription music service earlier this month. Yet another competitor, particularly a big name like Apple, could be challenging for Pandora. Pandora shares are trading near in the upper half of its 52-week range of $7.08-$19.37.

Clovis Oncology Inc. (CLVS)

Clovis Oncology hit the daily double today, up 103.91% at $74.59. The biopharmaceutical company saw its shares skyrocket after their anti-cancer therapy showed positive data on two early stage experimental treatments -- CO-1686 in EGFR-mutant non-small cell lung cancer (NSCLC) and Rucaparib in a monotherapy study of solid tumors. Both treatments showed positive results in the patients who received the therapy, Rucaparib provided an 89% clinical benefit to patients with ovarian cancer. Clovis set a new 52-week high of $86.29 intraday.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.