Pandora's gains stand out among area stocks – The Mercury News – The Mercury News

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Pandora, whose stock price has taken a beating through most of 2017, ended up being a winner on Friday, as its shares climbed more than 6 percent to close at $8.28. The impetus for Pandora’s gains appeared to be more enthusiasm for the company after it recently sold a 19-percent share of itself to Sirius XM.

Some analysts pointed out that Liberty Media, which owns a controlling position in Sirius, bought a smaller stake in the satellite-radio company prior to eventually increasing its share in Sirius, and there remains a possibility that Sirius could make a similar move with Oakland-based Pandora.

Among other big-name area companies, Netflix shares rose 2 percent, to close at $158.02, and Twitter tacked on almost 2 percent, to end the day at $18.50.

Apple, Cisco Systems, Tesla and Facebook also finished the week with gains.

Gains from such tech bellwethers helped lift the Nasdaq Composite Index by 0.5 percent, to end Friday at 6,265.25. The blue chip Dow Jones Industrial Average gave up just 2.5 points, to finish at 21,394.76, while the broad-based Standard and Poor’s 500 Index rose just 0.2 percent, to 2,438.30.