Media headlines about Altaba (NASDAQ:AABA) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altaba earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.7599055611159 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Stock Buzz – Altaba Inc. (AABA) – android media cell (androidmediacell.com)
- Today Analysts Focus on: Altaba Inc., (NASDAQ: AABA), Kinder Morgan, Inc., (NYSE: KMI); – TNN (tradingnewsnow.com)
- Altaba Grapples With Its Huge Alibaba Stake – Barron’s (barrons.com)
- [$$] WikiLeaks, Secrecy and the Death of a Patriot (finance.yahoo.com)
- [$$] Altaba Grapples With Huge Alibaba Stake (finance.yahoo.com)
AABA stock traded down $1.00 during trading on Wednesday, reaching $78.07. The company’s stock had a trading volume of 6,453,685 shares, compared to its average volume of 7,707,485. The firm has a market cap of $67,983.74, a PE ratio of -3,901.55 and a beta of 2.00. Altaba has a 12-month low of $45.60 and a 12-month high of $80.56.
Several equities analysts recently weighed in on AABA shares. Oppenheimer boosted their price objective on Altaba from $98.00 to $104.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. UBS reissued a “buy” rating and set a $98.00 price objective (up previously from $92.00) on shares of Altaba in a research report on Thursday, February 22nd. BidaskClub cut Altaba from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. boosted their price objective on Altaba to $90.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, Vetr raised Altaba from a “sell” rating to a “hold” rating and set a $73.32 price objective for the company in a research report on Monday, February 5th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Altaba currently has a consensus rating of “Buy” and an average price target of $71.96.
In other Altaba news, CFO Alexi Wellman sold 1,262 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $76.90, for a total value of $97,047.80. Following the completion of the transaction, the chief financial officer now owns 16,643 shares of the company’s stock, valued at approximately $1,279,846.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $74.20, for a total value of $90,078,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,217,202 shares of company stock valued at $90,321,425. Insiders own 24.00% of the company’s stock.
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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.
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