February 11, 2009 2:23 PM
- Text
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
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
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