Yahoo Pounded After Q4 Report

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Yahoo Inc.
YHOO
shares are trading lower by $1.80 at $27.26 in Wednesday's session. After an inline Q4 report with slightly better revenues, the Street was rattled by lower guidance for 2016 revenues. Also, the Street is not convinced the company's plan to boost shareholder value will yield the desired results. After a lower open, it managed only a $0.15 bounce to $28.61 before resuming its move lower. The ensuing decline has made a new low for the move reaching $26.57 before rebounding back above $27. That low marks the lowest level for the issue since it bottomed at $26.75 in August 2013.
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