Shares of Yahoo! traded as low as $33.83 in intra-day trading as stocks sold off. More than 36 million shares of Yahoo! traded hands by 3:30 p.m., compared to an average daily trading volume of about 18.4 million shares.
Yahoo! stock fell 5.9% in the past week, and 10.9% over the past 3 months. In the past 6 months, however, the stock is up 2.5%.
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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 multiple strengths, 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."