MARKET PULSE-Ambarella, Pandora, Quiksilver, Skullcandy, Medifast
March 8 (Reuters) - Some U.S. stocks on the move on Friday:
STRONG JOBS DATA TAKES WALL ST HIGHER, BANKS CURB GAINS
U.S. stocks edged higher on a much stronger-than-expected payrolls report, but gains were capped as investors sold some bank shares to book profits in the wake of the Federal Reserve's "stress tests" results. The Dow Jones industrial average was up 0.17 percent, the Standard & Poor's 500 Index up 0.12 percent and the Nasdaq Composite Index up 0.09 percent.
** PANDORA MEDIA INC, $13.81, up 18 pct (1209 ET)
The Internet music service company reported stronger-than-expected quarterly results and said CEO Joseph Kennedy is stepping down and the search for a replacement has begun, in a surprise announcement.
At least eight brokerages raised their price targets on the company's stock, which was one of the top percentage gainers on the New York Stock Exchange. The shares were trading almost four times their average 10-day volume. Continued...