Diamonds and Dogs
10/24/14Digital River Inc. (DRIV)
Digital River is moving higher today, up 47.30% to $25.60. The cloud and payment solution company saw its shares spike after news that it would be acquired by a private equity group led by Siris Capital Group. The private deal is an all cash deal for $26.00 per share which is worth a total of about $840 million. The deal is a 50 percent premium to Digital River's Thursday closing price. Shares of Digital River set a new 52-week high of $25.75 intraday.
Pandora Media Inc. (P)
Pandora Media is melting down today, down 13.49% to $20.00. The internet radio company saw its shares fall after news of slowing growth in active listeners. Pandora was inline or beat analysts' estimates across the board and showed an increase in listener hours, but the black eye of slowing active listeners is driving the stock down. Investors seem worried about Pandora's future outlook as shares slid over $3.00 today and hit a new 52-week low of $19.35 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.