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by sam-mueller
3563 days ago
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Actually, the stock price is being majorly affected today! YHOO usually tracks BABA quite precisely, and BABA was up big today (+3.5%). This usually means that YHOO would be up around 2%, which equates to nearly $1.00 in upside. Instead it was flat today. To make matters worse, YHOO has actually fallen off quite a bit since BABA reached $105/share 1.5 weeks ago, and YHOO corresponded with a high of around $45. If you do the math, with BABA currently nearing $110, YHOO should actually be just north of $46. tl;dr YHOO shares are actually suffering, but it's harder to see if you're not familiar with the underlying mechanisms at play. |
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