Altaba (AABA) Receives Daily Coverage Optimism Score of 0.08
News articles about Altaba (NASDAQ:AABA) have trended somewhat positive on Monday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Altaba earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.5007128893238 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Altaba Inc. (AABA) Needs Strong Boost to Get Active Moment in Street – Stock News Stop (stockmarketstop.com)
- This stock Will Rock You:- Altaba Inc. (NASDAQ:AABA) – The Stock Street (press release) (thestreetpoint.com)
- Bordering on Key Levels: Pier 1 Imports, Inc. (PIR), Altaba Inc. (AABA) – Market Movers (financialqz.com)
- Head to Head Analysis: Center Coast MLP & Infrastructure Fund (CEN) versus Altaba (AABA) (americanbankingnews.com)
- Altaba Inc. (AABA) Short Interest Down 13.8% in November (americanbankingnews.com)
Several brokerages have recently weighed in on AABA. UBS reaffirmed a “buy” rating and set a $77.00 price target on shares of Altaba in a research note on Friday, September 22nd. MKM Partners raised their target price on shares of Altaba from $62.00 to $76.00 and gave the company a “buy” rating in a research note on Sunday, September 3rd. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Altaba presently has a consensus rating of “Hold” and an average target price of $53.63.
In other Altaba news, Director Tor Braham sold 10,000 shares of Altaba stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $68.83, for a total transaction of $688,300.00. Following the completion of the transaction, the director now directly owns 9,434 shares of the company’s stock, valued at $649,342.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Alexi Wellman sold 860 shares of Altaba stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $72.79, for a total transaction of $62,599.40. Following the transaction, the chief financial officer now directly owns 19,845 shares of the company’s stock, valued at $1,444,517.55. The disclosure for this sale can be found here. 24.00% of the stock is currently owned by company insiders.
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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