Yahoo Stock Doesn’t Seem To Recover From Its Downfall Yet!

Yahoo (YHOO) closed lower at $27.36 (decline of 4.4% from Friday’s closing price) for the second consecutive day post the announcement of 40 million shares buy back. After the deal, three Board of Directors from Yahoo resigned from the board including the chief, Daniel Loeb. Analysts opine that Yahoo shares are only valuable because of its holding company, Alibaba.

Yahoo Stock Chart
Source: Yahoo stock chart by Amigobulls

Other Stock Market Updates

Zix order book looks good but earnings remain a concern

Baidu stock: Pre-Market sentiment isn’t too exciting

Shanda games stock: Booming due to the boom in the Chinese gaming industry

Google buys stake in Himax technologies

Read our news letter here- Amigobulls Stock Market Updates July 24, 2013

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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