Yahoo! (YHOO) Shows Strength: Stock Adds 10.2% in Session

Yahoo! Inc. YHOO was a big mover last session, as the company saw its shares rise a little above 10% on the day. The move came after the company announced the extension of its previously declared modified self-tender offer to purchase shares of its common stock for $3.0 billion. Also, this led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 12% in the past one-month time frame.

The company has seen no positive or negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate remained unchanged over the same timeframe. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Yahoo! currently carries a Zacks Rank #3 (Hold).

Yahoo! Inc. Price

Yahoo! Inc. Price | Yahoo! Inc. Quote

A better-ranked stock in the Internet – Services industry is Alphabet Inc. GOOGL holding a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

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