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Pre-Market Trend Analysis Report: Seadrill (NYSE:SDRL), Pandora Media (NYSE:P)

Managing-Poor-Performance

Seadrill Ltd(NYSE:SDRL) stock dropped -3.47% in today’s pre market session with the price of $3.62. Over the last one month and over the past three months, Seadrill Ltd shares gained 1.08% and dropped -5.06%, respectively. Furthermore, the stock surged 10.62% since the start of this year. The company’s shares are trading 3.93% above their 50-day moving average. Additionally, Seadrill Ltd has an RSI of 57.91 and beta of 2.25.

Seadrill Limited (“Seadrill” or the “Company”) announces June 9, 2016 that it has entered into a privately negotiated exchange agreement with certain holders of its outstanding 5-5/8% Senior Notes due 2017 (the “2017 Notes”), pursuant to which the Company has agreed to issue a total of 7,500,000 new shares of its common stock, par value $2.00 per share, in exchange for $50.0 million principal amount of the 2017 Notes in accordance with Section 3(a)(9) of the U.S. Securities Act of 1933, as amended (the “Exchange”).   Settlement is expected to occur on June 13, 2016, upon which the Company will have a total of 508,444,280 shares of its common stock issued and outstanding.

Pandora Media Inc(NYSE:P) stock on Friday’s pre market session gained 2.20% at price of $12.07. Over the last one month and the previous three months, Pandora Media Inc’s shares gained 21.38% and 15.90%, respectively. Additionally, the stock has dropped -11.93% since the beginning of 2016. The company’s shares are trading above their 50-day moving averages by -19.70%.

Pandora (NYSE:P), the go-to music source for fans and artists, June 8, 2016 announced that the company’s President & CFO, Mike Herring, will present at the William Blair Growth Stock Conference.

Mr. Herring will present at the William Blair Growth Stock Conference on Tuesday, June 14, 2016 at 3:30 p.m. CT / 4:30 p.m. ET in Chicago, IL.

A live audio webcast will be available on Pandora’s Investor Relations website at http://investor.pandora.com.

Pandora is the world’s most powerful music discovery platform – a place where artists find their fans and listeners find music they love. We are driven by a single purpose: unleashing the infinite power of music by connecting artists and fans, whether through earbuds, car speakers, live on stage or anywhere fans want to experience it. Our team of highly trained musicologists analyze hundreds of attributes for each recording which powers our proprietary Music Genome Project®, delivering billions of hours of personalized music tailored to the tastes of each music listener, full of discovery, making artist/fan connections at unprecedented scale.

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