Headlines about Altaba (NASDAQ:AABA) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty 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 nearest to one being the most favorable. Altaba earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.7565764482941 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern’s scoring:
Altaba (NASDAQ AABA) traded down $0.89 on Friday, reaching $73.51. The company’s stock had a trading volume of 6,980,000 shares, compared to its average volume of 7,390,000. The firm has a market capitalization of $63,430.00, a P/E ratio of 39.31 and a beta of 2.01. Altaba has a 12-month low of $44.79 and a 12-month high of $80.56.
Several brokerages have recently issued reports on AABA. BidaskClub upgraded Altaba from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. Vetr downgraded Altaba from a “hold” rating to a “sell” rating and set a $73.32 price objective for the company. in a research report on Tuesday, January 23rd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $60.78.
In other Altaba news, Director Tor Braham sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $68.83, for a total value of $688,300.00. Following the completion of the sale, the director now directly owns 9,434 shares in the company, valued at $649,342.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $74.20, for a total value of $90,078,800.00. The disclosure for this sale can be found here. Insiders sold 1,224,860 shares of company stock valued at $90,829,699 over the last 90 days. 24.00% of the stock is currently owned by 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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