Shares of Yahoo! (YHOO) Sees Large Inflow of Net Money Flow

Yahoo! (YHOO) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $12.67 million worth of transactions were on upticks, whereas, the downticks accounted for $8.89 million worth of transactions. The net money flow was a positive $3.78 million and the uptick to downtick ratio was 1.43. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 6.98 in their favor. The net money flow into the stock was $3.64 million. The value of block trades done on downticks was only $0.61 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $4.25 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Yahoo! (YHOO) was trading at $43.34, down $0.04 during day. The stock slid -0.08% over the previous days close. For the week, the stock recorded 1.25% over the previous weeks close.

Yahoo!

Yahoo! Inc. has dropped 1.02% in the last five trading days, however, the shares have posted positive gains of 3.38% in the last 4 weeks. Yahoo! Inc. is up 18.53% in the last 3-month period. Year-to-Date the stock performance stands at 31.36%.

Yahoo! (YHOO) : Zacks Investment Research ranks Yahoo! (YHOO) as 3, which is a Hold recommendation. 12 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 12 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 27 research analysts is 2, which indicates as a Buy.

Yahoo! (NASDAQ:YHOO): The stock opened at $43.4 and touched an intraday high of $43.72 on Wednesday. During the day, the stock corrected to an intraday low of $43.25, however, the bulls stepped in and pushed the price higher to close in the green at $43.69 with a gain of 0.74% for the day. The total traded volume for the day was 7,416,484. The stock had closed at $43.37 in the previous trading session.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

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