Sep. 2, 2008

Yahoo Shares At Five-Year Low; Below $19

(PaidContent.org)  This story was written by Rafat Ali.
Yahoo's (NSDQ: YHOO) shares fell to a five-year low today, dropping below the $19 mark for the first time since the aborted takeover bid from Microsoft (NSDQ: MSFT). On Feb 1, MSFT offered to buy Yahoo earlier this year for $31 per share, and in May, upped its offer to $33, and then pulled the offer after failing to reach an agreement. Things have certainly gone south after that...then the shares were trading slightly above $19 then.

MarketWatch: Wall Street analysts have a mixed view on Yahoo's current prospects. Most carry neutral ratings on the shares despite the company's relatively low valuation. Price targets on the stock range from $14 to $33, with the median at $24, according to FactSet Research.



By Rafat Ali
Copyright © 2008 paidContent.org

Exclusive Webshow

Best-selling author Mitch Albom on his first nonfiction work since "Tuesdays with Morrie." Watch Now

Latest News
News in Pictures
Scroll Left Scroll Right
Connect with CBS News

Stay connected with the CBS News using your favorite social networks and online news applications: