Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Pandora Media (P) is reportedly looking for a new CEO. Shares of the internet radio company soared in early trading after Recode reported that Pandora’s co-founder and CEO—Tim Westergren plans to step down. However, no replacement has been named. The report says Westergren is expected to stay at the helm until a new CEO is found. Separately, Pacific Crest upgraded Pandora stock to sector weight from underweight.
We’re also watching the food space. Shares of Yum Brands (YUM) are getting a nice bounce this morning on news Australia-based Collins Foods is buying about 28 KFC restaurants from the fast food chain.
SeaWorld (SEAS) shares were lower this morning after the theme park operator said late Friday it received subpoenas from the Justice Department and the SEC regarding trading in its stock. The two US federal agencies are also investigating disclosures and public statements by executives, including comments about the Blackfish documentary, which led to a public backlash against keeping killer whales and other animals in captivity. SeaWorld said it’s cooperating with the investigations.
And finally, Takata (TKTDY), the Japanese airbag manufacturer plagued by the auto industry’s largest-ever recall has filed for bankruptcy protection in the US and Japan. The company faces over $10 billion in liabilities resulting from recalls and lawsuits. Takata says it’s being bought by rival Key Safety Systems, which is based in Detroit but owned by a Chinese company.
