Yahoo! Inc. (NASDAQ:YHOO) recently unveiled the new Yahoo Mail App. This new secure and password protected mail app has definitely affected the shares of the company. The new mail app is available on Apple and Google Play Stores. The shares closed higher after the release of the app. The stocks went up by 4.33% and closed at $33.48 on a heavy trading volume. The feature that offers secure password protected functionality is known as “Account Key”, wherein you don’t need to type the password, but this offers a secure entry to the app. This will keep the hackers at bay. Despite the surge in the price, Yahoo observed a large outflow of money during the intraday trading. The net intraday money flow for the firm was recorded at $-14.14 Mn. The net flow in upticks was recorded at $68.57 Mn while the net flow in downticks was recorded at $82.71 Mn, which resulted in a up/down ratio of 0.83. The block trade for the net flow was recorded at $1.28 Mn. The total volume traded was recorded at 19,403,801 shares. The 52 week high and 52 week low for the shares were recorded at $52.62 and $27.2.
Analysts have lowered the short term price target for the company from $43 to $40. Currently, looking at the positioning of the company’s shares, the analysts have given it a buy rating. Yahoo’s new app will compete with Alphabet (Googl) app.
Twitter Inc. (NYSE: TWTR) saw a large outflow of money in the last trading session. The company’s stocks rose slightly by 0.33 points and traded at $29.71. The uptick value for the company’s stocks were heavily overshadowed by the downtick value leading to a recorded up/down ratio of 0.84 which is less than one. That is why, there was a huge outflow of money recorded at a net value of $-18.62 Mn.
While the large outflow may have caused chaos at the intraday trading, Steve Ballmer CEO Microsoft, bought 4% stake in the Twitter stocks showing confidence in the firm’s position at the stock market. A lot is being said about Twitter’s stocks, and this move has definitely instilled confidence in the investors.
Currently, analysts have given the stocks a hold rating. There are varying opinions among the analysts with regards to the target price. Few analysts have even rated Twitter stocks as strong buy.
The position of Twitter is quite shaky, and the company will need to instill faith in the investors minds in the coming week.
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