On Thursday, shares in California headquartered Yahoo! Inc. ended the day flat at $52.58. The stock recorded a three months average volume of 19.90 million shares. The Company’s shares have advanced 5.90% in the last one month, 12.86% over the previous three months, and 35.97% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.07% and 17.85%, respectively. Moreover, shares of Yahoo!, which together with its subsidiaries, provides search and display advertising services on Yahoo properties and affiliate sites worldwide, have a Relative Strength Index (RSI) of 59.42.
On June 13th, 2017, Yahoo! announced that it completed the sale of its operating business to Verizon Communications Inc. for $4,475,800,000, subject to certain pre-closing and post-closing adjustments, as provided in the underlying definitive stock purchase agreement. The Company’s new name is “Altaba Inc.,” and shares of its common stock trades under the ticker symbol “AABA.” YHOO complete research report is just a click away at:
Shares in Illinois headquartered GrubHub Inc. ended the day 0.45% lower at $46.33. A total volume of 2.76 million shares was traded, which was above their three months average volume of 2.27 million shares. In the last month and the previous three months, the stock has gained 8.42% and 38.26%, respectively. Additionally, the Company’s shares have advanced 23.15% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 10.36% and 18.55%, respectively. Furthermore, shares of GrubHub, which together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the US, have an RSI of 71.96.
On June 08th, 2017, GrubHub announced that it has entered into an agreement for an all-cash transaction to acquire Foodler, one of the largest, independent, North American online food-ordering companies. The agreement with Boston-based Foodler, which is subject to certain closing conditions, extends GrubHub’s leadership in New England, and will add more than $80 million of annualized gross food sales in 2017.
On June 15th, 2017, research firm Wells Fargo initiated a ‘Market Perform’ rating on the Company’s stock. The complimentary report on GRUB can be downloaded at:
On Thursday, shares in Moscow, Russia headquartered Yandex N.V. finished 0.56% higher at $26.93. A total volume of 2.20 million shares was traded, which was above their three months average volume of 2.19 million shares. The stock has advanced 21.09% over the previous three months and 33.78% on an YTD basis. The Company’s shares are trading above their 50-day and 200-day moving averages by 2.04% and 19.50%, respectively. Additionally, shares of Yandex, which operates an Internet search engine in the Russian Federation and internationally, have an RSI of 55.05.
On May 25th, 2017, Yandex announced that all resolutions proposed at its 2017 Annual General Meeting of Shareholders, which was held that day, have been passed. The Company also announced several reappointments to its Board of Directors. Herman Gref was reappointed as a non-executive member of the Board of Directors for a three-year term, and Arkady Volozh was reappointed as an executive member of the Board of Directors for a three-year term. Sign up for your complimentary research report on YNDX at:
Massachusetts headquartered Akamai Technologies Inc.’s shares recorded a trading volume of 2.65 million shares at the end of yesterday’s session, which was above their three months average volume of 2.62 million shares. The stock closed the day 1.50% higher at $50.02. The Company’s shares have advanced 5.51% in the past month. The stock is trading below its 50-day moving average by 4.55%. Additionally, shares of Akamai Technologies, which provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the US and internationally, have an RSI of 47.19.
On June 15th, 2017, Akamai Technologies announced that The Telegraph Media Group, one of the UK’s leading multi-platform publishers, has implemented the former’s Image Manager service to improve page load times and increase the duration of users’ sessions, positively impacting the publisher’s ad-related business metrics. The benefits of Image Manager can include lower costs and higher operational efficiencies for content owners, and rich image experiences for end users. The complimentary report on AKAM can be downloaded at:
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