Altaba (NASDAQ:AABA) Earns Media Impact Score of 0.23

News coverage about Altaba (NASDAQ:AABA) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Altaba earned a news impact score of 0.23 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.7312268571541 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

How to Become a New Pot Stock Millionaire

Shares of NASDAQ:AABA traded up $1.27 during trading on Tuesday, hitting $71.19. 2,543,072 shares of the company’s stock were exchanged, compared to its average volume of 7,333,792. Altaba has a 52-week low of $46.92 and a 52-week high of $80.56. The stock has a market capitalization of $60,516.36, a P/E ratio of 277.16 and a beta of 1.95.

A number of research firms have weighed in on AABA. Oppenheimer increased their target price on Altaba from $98.00 to $104.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. UBS reissued a “buy” rating and issued a $98.00 target price (up previously from $92.00) on shares of Altaba in a 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 upped their price target on Altaba to $90.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, Vetr upgraded Altaba from a “sell” rating to a “hold” rating and set a $73.32 price target for the company in a research report on Monday, February 5th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Altaba presently has an average rating of “Buy” and a consensus price target of $74.32.

In other news, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $74.20, for a total value of $90,078,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Alexi Wellman sold 1,262 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $76.90, for a total value of $97,047.80. Following the completion of the sale, the chief financial officer now directly owns 16,643 shares of the company’s stock, valued at $1,279,846.70. The disclosure for this sale can be found here. Insiders have sold a total of 1,217,202 shares of company stock valued at $90,321,425 in the last 90 days. 24.00% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY NOTICE: This piece was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at

About Altaba

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.

Insider Buying and Selling by Quarter for Altaba (NASDAQ:AABA)

Receive News & Ratings for Altaba Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altaba and related companies with's FREE daily email newsletter.

Leave a Reply