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. Yahoo.com 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.