Somewhat Positive News Coverage Somewhat Unlikely to Impact Altaba (AABA) Share Price

News stories about Altaba (NASDAQ:AABA) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altaba earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 44.8496564357781 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern’s scoring:

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Shares of AABA stock traded up $1.17 during mid-day trading on Tuesday, hitting $71.09. 14,351,314 shares of the company’s stock were exchanged, compared to its average volume of 7,497,258. Altaba has a fifty-two week low of $46.92 and a fifty-two week high of $80.56. The stock has a market capitalization of $60,516.36, a price-to-earnings ratio of 277.16 and a beta of 1.95.

AABA has been the subject of a number of analyst reports. BidaskClub raised Altaba from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Vetr raised Altaba from a “sell” rating to a “hold” rating and set a $73.32 target price for the company in a research note on Tuesday, January 16th. Oppenheimer upped their price target on Altaba from $98.00 to $104.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. JPMorgan Chase upped their price target on Altaba to $90.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, Credit Suisse Group upped their price target on Altaba from $81.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $74.32.

In related news, CFO Alexi Wellman sold 1,262 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 16,643 shares of the company’s stock, valued at approximately $1,279,846.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of the stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold 1,217,202 shares of company stock worth $90,321,425 in the last 90 days. Insiders own 24.00% of the company’s stock.

WARNING: “Somewhat Positive News Coverage Somewhat Unlikely to Impact Altaba (AABA) Share Price” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://ledgergazette.com/2018/04/18/altaba-aaba-receives-daily-media-sentiment-score-of-0-22.html.

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.

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