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Why is my Yahoo stock (YHOO) tanking?
It peaked in late October, but took a dramatic turn before the month ended into November.
Trying to review the news for the pat 6 months, and do not see any triggers that may have caused the stock to dive to its current asking price of 23.8
Anyone have a clue?
Yes, KIKER, GOOG is an enigma to me ~ bloated stock price & earnings yet poor user-UNfriendly searching & news format (I get POPUPs all the time on their "news" website). Is GOOG the next fed bust-up? I'm waiting with baited breath! Frankly I love the Yahoo website & cannot think of anyother cyber newsource I'd rather surf. They have the IT brains behind the network. It is just confusing of where YHOO misstepped. Yang has been back to mop up the mess ~ is he still mopping?
8 Answers
- KikerLv 51 decade agoFavorite Answer
Yahoo has actually been stagnate for several years now. The reason why you saw a peak was because Earnings Season started in October. The previous quarter was a good one for Yahoo, which led to the spike in price. Investors still aren't convinced on their overall performance though.
Google has been giving Yahoo! a run for their money, which as an investor, I am frustrated at how Yahoo! has opted to approach this. Personally, I think Google is only good for seaching. They such at everything else and they are worse than Big Brother about privacy. I prefer Yahoo! for news and Financial Reports; email, as well as community orientated events such as this...the former CEO of Yahoo! seemed head-strong about fighting Google, which was a battle well lost. The new CEO appears to be taking Yahoo! in a different direction which is why Investors are standing by to see how this all materializes. I would keep my eyes peeled for the next Earnings Season in Mar/Apr; or Jul/Aug. This will give more than enough of a timeframe to see how the company is dueing under its new course.
Hoped this helped. Check out this link if you are interested in more analysts related sentiments.
- RabbitLv 71 decade ago
It is called pessimism and we have seen it before, like in this report back in October: http://www.businessweek.com/the_thread/techbeat/ar...
It is the twice bit-twice shy thing at work. When Yahoo was the market's darling, it kept disappointing. So some are selling, or at least not buying unless the price gives them a discount, some are getting ready for a bounce if really good news comes in with the next earnings report. This year's earnings are generally expected to be a tad bit lower than last year's, but revenues are anticipated by most to have grown. The question is, if the revenues rise and margins happen to rise, then earnings will rise -- voila! a surprise and the stock will bump up. Then all of these getting it at a discount will lapping up the gravy, which doesn't hurt your feelings either, right?
- Mr. PrefectLv 61 decade ago
Yahoo has been down for years now, as they have missed many opportunities, that Google has not. Google got into search first, bought up rivals first, expanded carefully with great management first.
Yahoo has sat on the sidelines watching the boat go by. I actually thought Yahoo stock would have increased this past month, since they own a 29% stake in Alibaba, which went public last month, but nothing has made their stock pop, except the annual "Microsoft or someone else gossip is considering buying Yahoo".
- TedLv 71 decade ago
Why do you assume last October was a fair price? Last October there was an unjustified spike up and now the stock is heading toward a more reasonable level.
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- Anonymous1 decade ago
Wow, I am glad I sold all my Yahoo stock!
I imagine people are ditching the stock for the same reason I did: Yahoo's Costumer service is really poor and their products have too my bugs.
- 1 decade ago
Hi there, don't know much about stocks, but I heard they were going to come out with something better than google, i don't remember which news program i heard it on. But i am pretty sure it was yahoo. Don't worry, just lay your burdens down.
If God can move mountains He can movie yahoooooo.
I will diffidently put you on my prayer list. How high do you need it to go ;-) never mind God will know.
God Bless
- Anonymous1 decade ago
just ask and answer questions on current affairs for a week or so, than you know.
- 1 decade ago
There is a very good reason for it tanking:
That damn Gap ad!!!