Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Altaba (AABA) Stock Price

News stories about Altaba (NASDAQ:AABA) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Altaba earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the company an impact score of 44.9063716134067 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

How to Become a New Pot Stock Millionaire

Shares of NASDAQ AABA traded up $1.23 during mid-day trading on Wednesday, hitting $72.32. The company’s stock had a trading volume of 7,497,795 shares, compared to its average volume of 7,497,350. The firm has a market capitalization of $61,066.59, a PE ratio of 279.68 and a beta of 1.95. Altaba has a one year low of $46.92 and a one year high of $80.56.

A number of equities research analysts have commented on the stock. BidaskClub raised shares of Altaba from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. Vetr lowered shares of Altaba from a “hold” rating to a “sell” rating and set a $73.32 price objective on the stock. in a report on Tuesday, January 23rd. Oppenheimer increased their price objective on shares of Altaba from $98.00 to $104.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Credit Suisse Group increased their price objective on shares of Altaba from $81.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, JPMorgan Chase increased their price objective on shares of Altaba to $90.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $77.05.

In other news, CFO Alexi Wellman sold 1,262 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $76.90, for a total value of $97,047.80. Following the transaction, the chief financial officer now owns 16,643 shares of the company’s stock, valued at approximately $1,279,846.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $74.20, for a total transaction of $90,078,800.00. The disclosure for this sale can be found here. Insiders sold a total of 1,217,202 shares of company stock worth $90,321,425 in the last ninety days. Insiders own 24.00% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Altaba (AABA) Stock Price” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/18/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-altaba-aaba-stock-price.html.

Altaba Company Profile

Altaba Inc operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc and changed its name to Altaba Inc in June 2017. Altaba Inc was founded in 1994 and is based in New York, New York.

Insider Buying and Selling by Quarter for Altaba (NASDAQ:AABA)

Receive News & Ratings for Altaba Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altaba and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply