Somewhat Positive Media Coverage Somewhat Unlikely to Affect Yahoo! (AABA) Share Price
Media stories about Yahoo! (NASDAQ:AABA) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Yahoo! earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.4863601680938 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Yahoo Triples Estimate of Breached Accounts to 3 Billion (databreaches.net)
- Verizon Media Chief To Leave — WSJ (advfn.com)
- Why Yahoo’s Latest Hacking Revelations Won’t Affect Its Deal With Verizon – TheStreet.com (thestreet.com)
- Yahoo Says All 3 Billion Accounts Were Affected in 2013 Attacks (finance.yahoo.com)
- Snapchat Snap Stock Dumbed by Yahoo Successor Altaba | Fortune … – Fortune (fortune.com)
Yahoo! (NASDAQ:AABA) traded up 0.09% during trading on Thursday, hitting $67.72. The company had a trading volume of 3,451,654 shares. Yahoo! has a one year low of $38.24 and a one year high of $68.22. The stock’s market capitalization is $64.96 billion. The stock has a 50-day moving average of $65.30 and a 200-day moving average of $55.44.
Yahoo! announced that its Board of Directors has initiated a stock buyback program on Monday, July 31st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 8.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
AABA has been the topic of a number of research analyst reports. MKM Partners lifted their price target on Yahoo! from $62.00 to $76.00 and gave the company a “buy” rating in a report on Sunday, September 3rd. UBS AG reiterated a “buy” rating on shares of Yahoo! in a report on Monday, July 17th. Zacks Investment Research upgraded Yahoo! from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Wednesday, July 12th. BidaskClub downgraded Yahoo! from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, B. Riley dropped coverage on Yahoo! in a report on Wednesday, June 14th. Thirteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $51.48.
Yahoo! Company Profile
Altaba Inc (the Fund), formerly Yahoo! Inc, is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation ((Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan.
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