Headlines about Altaba (NASDAQ:AABA) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altaba earned a media 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, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- Altaba Inc. (NASDAQ:AABA) – Hot Stock in the Spotlight – Nasdaq Journal (press release) (nasdaqjournal.com)
- Most Shocking Stock Movements: Altaba Inc. (AABA), Marathon Oil Corporation (MRO) – Market Movers (financialqz.com)
- First Week of AABA February 2018 Options Trading (nasdaq.com)
- What Everybody Ought to Know About this:- Altaba Inc. (NASDAQ … – The Stock Street (press release) (thestreetpoint.com)
- What the sentiment indicator is Signaling: Altaba Inc. (AABA), DowDuPont Inc. (DWDP) – Market Movers (financialqz.com)
A number of analysts recently weighed in on the stock. MKM Partners reiterated a “buy” rating and issued a $76.00 price target on shares of Altaba in a research report on Friday, September 1st. UBS restated a “buy” rating and set a $77.00 target price on shares of Altaba in a report on Friday, September 22nd. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $54.45.
In other Altaba news, CFO Alexi Wellman sold 860 shares of Altaba stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $72.79, for a total value of $62,599.40. Following the transaction, the chief financial officer now owns 19,845 shares in the company, valued at $1,444,517.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tor Braham sold 10,000 shares of Altaba stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $68.83, for a total value of $688,300.00. Following the completion of the transaction, the director now owns 9,434 shares in the company, valued at approximately $649,342.22. The disclosure for this sale can be found here. 24.00% of the stock is currently owned by company insiders.
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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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