Yahoo Inc (YHOO) $26.56 +4.89%
Yahoo (YHOO) is seeing action after CNBCs Faber reported that Carl Icahn is considering launching a proxy fight at the company. If Icahn can win three or four seats, it could pave the way for a deal with Microsoft (MSFT). However, the deadline for nominating a slate is Thursday. Shares reacted positively to the announcement. After falling to session lows of $24.39 a share, YHOO was recently up 90 cents to $26.16. In the options market, some bullish positioning is being seen as well. 193,000 YHOO calls have traded on the session, and more than double the number of put options.
Category: All Stocks, Large Cap Stocks, Software & Computer Services
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
