Published June 27, 2017 7:29am EDT | Updated June 27, 2017 11:05am EDT

Pandora Shares Halted In Premarket Trade

Pandora Media Inc. shares were halted in premarket trade Tuesday. The company recently secured a $480 million investment from Liberty Media Corp.-owned satellite radio company Sirius XM Holdings Inc. and has been the subject of speculation it is a takeover target. On Monday, the stock rallied on a report that Co-founder and Chief Executive Tim Westergren planned to step down. The stock has fallen 35% in 2017, while the S&P 500 has gained 9%.