Yahoo! (YHOO) Estimates Unchanged at Wells Fargo After Alibaba Files F-1
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Yahoo, Inc. (YHOO) Investors 'Sell the News'
May 7, 2014 9:45 AM EDTShares of Yahoo, Inc. (NASDAQ: YHOO) are seeing a 'sell the news' reaction to the long-awaited Alibaba IPO filing. Shares are down 4.7%. Shares have been up sharply in anticipation of the filing.
Today's reaction is living up to the old Wall Street adage "buy the rumor... sell the news."
... MoreYahoo, Inc. (YHOO) on watch as Alibaba formally files U.S IPO
May 6, 2014 4:37 PM EDTYahoo, Inc. (NASDAQ: YHOO) on watch as Alibaba formally files U.S IPO
... More