YHOO: "Why now," asks Needham, downgrading Yahoo...

8:15 AM "Why now," asks Needham, downgrading Yahoo (YHOO) to Hold as Third Point exits. 'Since board members have better information than public shareholders, their exit raises questions and adds risk that forward-looking valuation drivers for YHOO may be more negative than public markets reflect today." Third point now has greater flexibility about when it can sell its remaining 20M shares, creating an overhang. The stock's little-changed premarket after falling 4.3% yesterday.  Read comments

YHOO price at time of publication: $27.86. Check YHOO price now »

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StockTalk on YHOO: YHOO StockTalk | Twitter YHOO | Twitter $YHOO | YHOO Instablogs

Recent Market Alerts on YHOO: All currents | Earnings | Dividends | M&A | On the move

Transcripts on YHOO

• Yahoo! Inc. (YHOO) CEO Discusses Q2 2013 Results - Earnings Call Transcript
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