Stock watch: Pandora, eBay, Oracle, Adobe, Barnes & Noble

We’ve got music, payments and more in this edition of GMSV’s stock watch:

• There’s stock static for Pandora Media, the Oakland-based online-radio provider, after rival Spotify announced Tuesday that it will offer free radio service for mobile. Pandora shares are down about 3.5 percent to $11.05 as of this post. Last week, Pandora shares sank on an analyst comment about another competitor, Songza. The Songza app allows iOS users to listen to online music on their mobile devices ad-free.

In other online-music news, by the way, the New York Times wrote over the weekend about digital-radio royalties. Royalty collection is up, providing a new revenue stream for the record industry amid the changing landscape.

• Shares of eBay continue to rise today after a big boost Monday. An investment bank announced yesterday that it would begin covering the San Jose company because of  its successful payments unit. “In every meeting I have with investors, it’s really hard not to spend time on PayPal and its implication on the payments ecosystem,” said Sanjay Sakhrani, who covers the payments industry for Keefe, Bruyette & Woods, according to the Wall Street Journal. As Mr. Biz Break wrote for the Mercury News, eBay rose 4.5 percent Monday to $42.49, a six-year high. Shares of eBay are up more than 1.5 percent to $43.13 as of this post.

Speaking of payments news, PayPal competitor Square today announced in-app punch cards and more. In a press release, the San Francisco startup said it also is rolling out additional features to help “business owners … create rewards programs that both attract new customers and make existing customers return, again and again.”

• Finally, stock-watching in the context of earnings reports: Oracle shares are up more than 2.5 percent to $27.85 after the Redwood City tech giant’s early and positive earnings report Monday. Shares of bookseller and e-reader/tablet maker Barnes & Noble are down 6.5 percent to $14.25 after its results failed to meet analyst expectations despite a narrower loss. And Adobe Systems shares are up about 1 percent to $32.90 ahead of the San Jose software maker’s second-quarter earnings report today. Some analysts expect gains for the company because of the latest version of Creative Suite 6 that was released last month.


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