Big Movers: Pandora Media Inc (NYSE:P), Achillion Pharmaceuticals(NASDAQ:ACHN), Brady Corp. (NYSE:BRC), Xenith Bankshares(NASDAQ:XBKS), Silver Spring Networks(NYSE:SSNI)

Pandora Media Inc (NYSE:P), the leading internet radio service, announced that Chris Phillips has been named Chief Product Officer and will serve on the company’s Executive Leadership Team. Phillips and the product team will be responsible for defining and leading Pandora’s overarching product strategy and roadmap. He will partner with CTO Chris Martin and the technology team to develop products that deliver value to listeners, advertisers and artists. As Chief Product Officer, Phillips’ specific functional areas of responsibility include product management, product design and product analytics. Pandora Media Inc (NYSE:P) in last trading activity increased 2.23% to close at $19.74. Company weekly performance is -13.99% while its quarterly performance stands at -24.02%. Pandora Media Inc (NYSE:P) is -51.19% away from its 52 week high.

On October 3, 2014, Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) entered into a Master Security Agreement (the “Agreement”) for a $1,000,000 Capital Expenditure Line of Credit (‘the Credit Facility”) with Webster Bank, National Association (“Webster”). Under the Credit Facility, Achillion may take Equipment Loan Advances (“Advances”) for the purchase of new laboratory equipment through October 3, 2015. Each Advance will be payable over a three year term and bear interest at a fixed rate, determined at the time of each advance, equal to the Three Year Federal Home Loan Bank of Boston (“FHLB”) Classic Advance rate plus 4.75%. On last trading day Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) increased 1.44% to close at $11.94. Its volatility for the week is 5.42% while volatility for the month is 7.56%. ACHN’s EPS growth for past 5 years was 15.00%. Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) monthly performance is 9.34%.

Brady Corp (NYSE:BRC), a global leader in product and facility identification solutions, released its “Labeling of Biological Specimens” whitepaper. The REPORT provides the necessary technical and product-related INFORMATION to be able to standardize labels used on various types of biological specimens collected by the National Cancer Institute (NCI) and their collaborators for NCI-directed studies. On last trading day Brady Corp. (NYSE:BRC) increased 5.55% to close at $23.21. Its volatility for the week is 2.41% while volatility for the month is 2.62%. BRC’s sales growth for past 5 years was 0.30% and its EPS growth for past 5 years was -18.70%. Brady Corp. (NYSE:BRC) monthly performance is 4.55%.

On October 1, 2014, Xenith Bankshares, Inc. (NASDAQ:XBKS) dismissed Grant Thornton LLP (“Grant Thornton”) as its independent registered public accounting firm, upon the approval of the Audit and Compliance Committee of the Company’s Board of Directors (the “Audit and Compliance Committee”). Xenith Bankshares, Inc. (NASDAQ:XBKS) has 2.80% insider ownership while its institutional ownership stands at 54.00%. In last trading activity company’s stock closed at $6.52.

Silver Spring Networks, Inc. (NYSE:SSNI) on 9 October announced that it has been selected for an advanced metering infrastructure (AMI) deployment by Choptank Electric Cooperative, which serves over 52,000 members on Maryland’s Eastern Shore. Silver Spring’s multi-application IPv6 network platform and managed services will connect Choptank’s members across its 7,500 square mile service territory, while providing the option to cost-effectively add additional smart grid applications in the future. On Tuesday shares of Silver Spring Networks, Inc. (NYSE:SSNI) closed at $9.42. Company’s sales growth for last 5 years was 404.50% and EPS growth for next 5 years is recorded as 7.40%.

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