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This is just a quick speculative post. I’ve been watching Yahoo!’s stock performance since yesterday’s opening and have been pleasantly surprised at the direction shares prices are going in. Believe it or not, they are generally going upwards.
Yesterday, YHOO opened at $23.28 per share and rose gently through the day to close at $24.37 per share. This morning, it opened far higher at $25.55 per share, instantly fell to $24.20 per share and then quickly rose to peak at $26.03, the point they trade at right now (12:10 pm-pacific).
This was NOT an expected outcome. When Microsoft CEO Steve Ballmer openly closed the door on a deal, observers anticipated immediate and extraordinary losses for Yahoo!’s shareholders. Though down from their Valentine’s Day peak of $29.98, YHOO is still trading well above their low of $19.18, the day Ballmer announced Microsoft’s acquisition attempt.
Donning my counter-intuitive thinking cap, (and opening this round of speculative writing), I’ve been trying to make sense of Yahoo!’s NASDAQ yo-yo act.
