Altaba (AABA) Receiving Somewhat Positive Media Coverage, Analysis Finds

News articles about Altaba (NASDAQ:AABA) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altaba earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the company an impact score of 44.2321318866302 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news articles that may have impacted Accern’s scoring:

Several research firms have recently commented on AABA. UBS reissued a “buy” rating and set a $77.00 target price on shares of Altaba in a research report on Friday, September 22nd. MKM Partners boosted their target price on shares of Altaba from $62.00 to $76.00 and gave the stock a “buy” rating in a research report on Sunday, September 3rd. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $53.63.

Altaba (AABA) traded up $1.28 on Wednesday, reaching $69.41. 11,646,215 shares of the company’s stock were exchanged, compared to its average volume of 11,269,885. The company has a current ratio of 6.87, a quick ratio of 6.87 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $60,370.00, a PE ratio of 273.24 and a beta of 1.87. Altaba has a 52-week low of $38.24 and a 52-week high of $73.25.

In other Altaba news, CFO Alexi Wellman sold 860 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $72.79, for a total value of $62,599.40. Following the transaction, the chief financial officer now directly owns 19,845 shares in the company, valued at $1,444,517.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Tor Braham sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $68.83, for a total transaction of $688,300.00. Following the completion of the transaction, the director now owns 9,434 shares in the company, valued at $649,342.22. The disclosure for this sale can be found here. 24.00% of the stock is owned by insiders.

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About Altaba

Altaba Inc (the Fund), formerly Yahoo! Inc, is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation ((Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan.

Insider Buying and Selling by Quarter for Altaba (NASDAQ:AABA)

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