The halo around Pandora barely lasted a day.
After a big opening after its IPO, shares of the Internet-radio company faded into the close yesterday, and now the stock price is taking a beating in the early open Thursday. At recent look, Pandora shares are down about 6.4% to $16.30.
Remember the IPO price was $16 a share, so Pandora may be tickling that number soon. UPDATE: There it is! Pandora now has dropped below its IPO price.