Stock Alert : Yahoo! Inc. (NASDAQ:YHOO) initiated at Market Perform at Wells Fargo

Intel Corporation shares are currently priced at $13.85 after Pre-Market trading today, which is about 0.07 % less than yesterday’s trading price. The company shares have 52 week high of $19.12 and 52 week low of $13.52. The company has 50 day moving average of $14.63 and 200 day moving average of $15.77. The sustenance and resistance levels of Yahoo are $13.74 and $14.23 respectively. The company has a market capitalization of 18.67 billion and the average volume seen for the stock is 20,180,000 shares. According to a press release, Yahoo Inc. was initiated at Market Perform on 12 August at Wells Fargo. The stock declined a few points after the announcement.

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Starbucks yesterday announced its partnership with Yahoo for launching Starbucks Digital Networks which is slated to be in US stores by this fall. Yahoo had on 11 August announced a new addition to its board of directors, Patti Hart to help the current CEO Carol Bartz with the turnaround strategy of its Internet services. Yahoo’s competitors- Google and other younger rivals have caused a decline in its market share over the past months.

Also, according to a news yesterday, Expedia had agreed to run travel search and booking functionality for Yahoo across European countries. This deal saw the integration of Expedia services like booking flight, hotels, combo packages with Yahoo Travel and is expected to run atleast for an year or more. Earlier, Kelkoo had been looking over Yahoo Travel services which ended this year. In US however, Yahoo extended its deal with Travelocity to look after its ranfe of booking services and products.

Yahoo! Inc. together with its subsidiaries, is an online media company. The Company attracts users every month through its technology and engaging content and services. To users, it provides online properties and services. To advertisers, it provides a range of marketing services designed to reach and connect with users of its Owned and Operated sites, as well as with Internet users beyond Yahoo! Properties, through a distribution network of third-party entities.

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