Yahoo! Inc. (NASDAQ:YHOO) Another Disclosed Hack and Casting Doubt on Verizon Communications Inc(VZ) Planned Acquisition

Several matter pinch shares of Yahoo! Inc. (NASDAQ:YHOO) [Trend Analysis], as shares moving down -3.43% to $39.51 with a share volume of 4.01 Million. A newly discovered data breach exposed the private information of more than 1 billion Yahoo users, the company said, dwarfing the scope of another recently disclosed hack and casting doubt on Verizon Communications Inc.’s planned acquisition of the internet company.

The 2013 theft is separate and twice as large as a 2014 hack that Yahoo Inc. disclosed earlier this year. That hack had been billed as likely the largest-ever theft of personal data. The stock is going forward its 52-week low with 51.05% and moving down from its 52-week high price with -12.07%. To have technical analysis views, liquidity ratio of a company was calculated 6.10 as evaluated with its debt to equity ratio of 0.04. The float short ratio was 5.57%, as compared to sentiment indicator; Short Ratio was 4.81.

Cliffs Natural Resources Inc. (NYSE:CLF) [Trend Analysis] luring active investment momentum, shares a loss -0.93% to $9.55. Cliffs Natural Resources Inc. (NYSE: CLF) declared the following executive leadership promotions, effective January 1, 2017. Lourenco Goncalves, Chairman of the Board, President and Chief Executive Officer said, “Even with the considerable progress we have made in our turnaround, I still have plenty of work to do as CEO of Cliffs for the next several years. In order to ensure that our critical objectives are accomplished, I am very pleased to announce the promotions of Kelly Tompkins to COO and Tim Flanagan to CFO. Since the very beginning of my tenure as CEO of Cliffs, Kelly has been my number two executive and right-hand man. His promotion to COO is a formal recognition of the major role he has played, and will continue to play, within our organization.”

Mr. Goncalves added, “Over the course of the two and half years I have been running Cliffs, Tim Flanagan has proven himself as a knowledgeable and reliable leader within our finance department. As we continue to improve our financial results and execute complex transactions, I feel fortunate that I will have Tim working directly with me for the next several years.”

The total volume of 961931 shares held in the session was surprisingly higher than its average volume of 12739.77 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -90.50%, and looking further price to next year’s EPS is -27.42%. While take a short look on price to sales ratio, that was 1.27 and price to earning ratio of 29.21 attracting passive investors.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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