Yahoo! Inc. (YHOO) saw a big move last session, as the company’s shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for YHOO, as the stock is now down over 15% since Jan 14.
This slump shouldn’t be too much of a surprise to investors, as this company in the Internet Services industry has seen one negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
YHOO currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Some better-ranked stocks in the same space include Baidu, Inc. (BIDU), Facebook, Inc. (FB) and LivePerson Inc. (LPSN). All these stocks carry a Zacks Rank #2 (Buy).
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YAHOO INC (YHOO): Free Stock Analysis Report
(BIDU): Free Stock Analysis Report
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FACEBOOK CL A (FB): Free Stock Analysis Report
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