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Why the Yahoo Stock Price Rally Won't Last in 2016
The Yahoo stock price rallied 2.3% to $30.23 this morning (Friday) after the struggling Internet company said it has formed a committee to explore strategic alternative. The Yahoo stock price is now up 11% since last Thursday.
But we don't expect the Yahoo Inc. (Nasdaq: YHOO) stock price rally to last through 2016. And there is one major reason why we remain bearish on YHOO stock.
First, here's some key details about Friday's announcement and Yahoo stock's rebound...
The Yahoo stock price rallied 2.3% to $30.23 this morning (Friday) after the struggling Internet company said it has formed a committee to explore strategic alternative. The Yahoo stock price is now up 11% since last Thursday.
But we don't expect the Yahoo Inc. (Nasdaq: YHOO) stock price rally to last through 2016. And there is one major reason why we remain bearish on YHOO stock.
First, here's some key details about Friday's announcement and Yahoo stock's rebound...