Street Fades Yahoo Plans To Hold Alibaba Stake

Yahoo Inc.

shares are trading lower by $1 at $33.85 in Wednesday's session. At first, the Street cheered the move, but following a higher open, it immediately peaked at $35.84 and began to move lower. The ensuing decline took the issue all the way to $33.15. That marks the lowest level for the issue since it bottomed on November 30 at $32.85. It should be noted Yahoo found support in the $32 handle range in eight consecutive sessions ($32.32-$32.69) preceding its November 30 low.