Scalper1 News
Yahoo (YHOO) got an upgrade Monday following several downgrades last week, but the Web portal’s stock still fell as a major investor pressed the company to merge with AOL. With a substantial stake in China e-commerce leader Alibaba (BABA), Yahoo stock had served as a proxy for that company until Alibaba’s record IPO this month. Yahoo had a 22.4% stake in Alibaba and reaped an estimated $6 billion by selling a portion of its holdings, as per an Scalper1 News
Scalper1 News