Yahoo! Inc’s (NASDAQ:YHOO) Fast Steps to Woo Users; Unveils Yahoo! Axis – YHOO, AAPL, GOOG, REDF, NWSA, MSFT
Yahoo! Inc (NASDAQ:YHOO) is introducing a browser for Smartphone and tablet computers that plans to make simpler searches on mobile gadgets as the corporation seeks new ways to attract customers.
Yahoo, the biggest US Web portal, reported that the Yahoo! Axis browser, which would work originally on Apple Inc’s (NASDAQ:AAPL) iPhone and iPad, offers surfers small samples of the websites at the top of the screen so consumers do not have to depart the page they are on while still interacting with query results.
Yahoo also is uncovering a browser plug-in version for desktop browsers, comprising Google Inc (NASDAQ: GOOG) Chrome and newer versions of Apple’s Safari.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Rediff.com India Limited (ADR) (NASDAQ:REDF) decreased +4.77% to settle at $4.59, News Corp (NASDAQ:NWSA) moved up +1.04% to end at $19.38 while Microsoft Corporation (NASDAQ:MSFT) plunged -0.14% to finish on Thursday at $29.07.
Yahoo! Inc (NASDAQ:YHOO) began the last trading session with a price of $15.34 and throughout the session climbed at a high of $15.51 but when day-trade ended the stock finally decreased -0.20 to $15.35.
YHOO had a trade volume of 13.88 million shares was higher as compared to average trading capacity of 18.74 million shares.
The stock is ahead its 52 week low with 40.49% and lagging behind from its 52 week high price with -8.30%. YHOO last month stock price volatility remained 2.10%. In its share capital YHOO has 1.22 billion outstanding shares among them 1.10 billion shares have been floated in market exchange. YHOO stock institutional ownership remained 71.75% while insider ownership included 0.32%.
Shares price of YHOO moved forward from its 20 days moving average with +1.21% and remote positively from 50 days moving average with +2.21%. YHOO current year earnings per share experienced an addition with -9.39% while its current quarter performance remained -5.89%. Company’s beta coefficient included 0.91. Beta factors measures the amount of market risk associated with market trade.