Yahoo! (YHOO) Shares are Up 0.19%

Yahoo! (YHOO) : Traders are bullish on Yahoo! (YHOO) as it has outperformed the S&P 500 by a wide margin of 8.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.22%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.19% in the last 1 week, and is up 9.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Yahoo! Inc. is up 17.86% in the last 3-month period. Year-to-Date the stock performance stands at 29.34%. The stock has recorded a 20-day Moving Average of 7.7% and the 50-Day Moving Average is 11.94%.


Yahoo! (NASDAQ:YHOO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.80 and $42.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.02, notching a gain of 0.28% for the day. The total traded volume was 9,460,753 . The stock had closed at $42.90 on the previous day.

Also, In a research note released to the investors, Morgan Stanley downgrades its rating on Yahoo! (NASDAQ:YHOO).The analysts at the brokerage house have a current rating of Equal-weight on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. In a recent information released to the investors, Morgan Stanley lowers the new price target from $46 per share to $42 per share. The rating by the firm was issued on July 26, 2016.

Yahoo! Inc. is a technology company. The Company is engaged in providing Internet search, communication and digital content. The Company manages its business geographically: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific. The Companys products include Search, Communications, Digital content, Flickr, and Tumblr. Yahoo Search is a search engine serves as a starting point to navigate the Internet and discover information, which is ranked and organized -based on their relevance to the query. Yahoo Mail connects users across mobile phones, tablets and PC. offers news and information, including Yahoo original content and partner content. Flickr is a Web and mobile photo management and sharing service. Tumblr offers a Web platform and mobile applications (particularly on the iOS and Android platforms) that allow users to create, share and curate content. Yahoo is also a digital publisher and advertising technology provider.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.