News stories about Altaba (NASDAQ:AABA) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Altaba earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.1056942410851 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- After Hours Most Active for Jan 11, 2018 : GE, USMC, AABA, INTC, CPN, FDC, MU, KMI, NRG, ON, ECA, FOXA – Nasdaq (nasdaq.com)
- How Altaba, Inc. Shares Rose 81% in 2017 (finance.yahoo.com)
- Altaba Inc. (AABA) Tries to Set Long-Term Obligations for Passive Momentum – Stock News Stop (stockmarketstop.com)
- Glowing Stock’s Review: Altaba Inc (NASDAQ: AABA) – Alpha Beta Stock (alphabetastock.com)
- Altaba Inc. (AABA) – Summary of what has been Unusual Volume trade – Wall Street Morning (wallstreetmorning.com)
A number of research firms have issued reports on AABA. BidaskClub raised shares of Altaba from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. UBS Group reaffirmed a “buy” rating and set a $77.00 price objective on shares of Altaba in a research note on Friday, September 22nd. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Altaba presently has a consensus rating of “Buy” and a consensus price target of $54.45.
Altaba (NASDAQ:AABA) opened at $75.85 on Friday. The company has a market capitalization of $66,245.72, a price-to-earnings ratio of 303.40 and a beta of 1.88. Altaba has a fifty-two week low of $41.80 and a fifty-two week high of $77.23.
In other Altaba news, Director Tor Braham sold 10,000 shares of the business’s 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 sale, the director now directly owns 9,434 shares in the company, valued at $649,342.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Alexi Wellman sold 860 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $72.79, for a total transaction of $62,599.40. Following the sale, the chief financial officer now owns 19,845 shares in the company, valued at $1,444,517.55. The disclosure for this sale can be found here. 24.00% of the stock is currently owned by insiders.
Altaba 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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