Altaba (AABA) Earns News Impact Score of 0.19
Press coverage about Altaba (NASDAQ:AABA) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altaba earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.8007401403406 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Altaba Inc (AABA), Facebook Inc (FB) & Others: 5 Stock Picks From World’s Greatest Investors of All Time (feedproxy.google.com)
- Short Interest in Altaba Inc (AABA) Increases By 19.2% (americanbankingnews.com)
- Why Altaba Inc (NASDAQ:AABA) Delivered An Inferior ROE Compared To The Industry (finance.yahoo.com)
- Why Altaba Inc. Stock Rose 14% in January (finance.yahoo.com)
AABA has been the subject of several research reports. BidaskClub raised shares of Altaba from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. Vetr raised shares of Altaba from a “hold” rating to a “buy” rating and set a $73.32 price objective for the company in a research report on Monday. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Altaba currently has an average rating of “Buy” and an average target price of $60.78.
In related news, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $74.20, for a total value of $90,078,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tor Braham sold 10,000 shares of Altaba stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $68.83, for a total transaction of $688,300.00. Following the completion of the transaction, the director now directly owns 9,434 shares of the company’s stock, valued at approximately $649,342.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,224,860 shares of company stock valued at $90,829,699. 24.00% of the stock is owned by insiders.
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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