NEW YORK (TheStreet) -- Yahoo! (YHOO) rose 1.42% to $37.76, up 53 cents from its previous close of $37.23, at the close of the trading day on Monday on the heels of a report that the Web site would partner with Yelp (YELP).
The Wall Street Journal reported that Yahoo! CEO Marissa Mayer announced the partnership during an employee meeting on Friday. The partnership would incorporate Yelp's listings and local business reviews into the Yahoo! search engine. This new feature is expected to become public within the next few weeks.
The stock had a volume of 17,637,837, slightly less than its average of 17,861,800. It hit a high of $38.13 and a low of $37.25 for the day; the stock holds a one-year high of $41.72 and a one-year low of $20.39.
TheStreet Ratings team rates YAHOO INC as a "buy" with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate YAHOO INC (YHOO) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."