Short Sellers Pare Positions in Pandora (P) Ahead of Apple (AAPL) Event

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Pandora Media (P) on Watch Into Apple's WWDC

June 10, 2013 12:40 PM EDT

Traders have a close eye on Pandora Media (NYSE: P) into Apple's (NASDAQ: AAPL) WWDC event and a potential 'iRadio' competitor. Shares are down 2.3% into the event, with some expecting a 'sell the rumor... buy the news' bounce. Shares were trading above $17 before rumors of the iRadio surfaced - now $14.77.... More