Boston, MA 07/08/2013 (wallstreetpr) – The shares of Yahoo! Inc. (NASDAQ:YHOO) rose by 0.35% to close at $ 25.68 at trading session of Friday, July 5. The opening of the stock occurred at $ 25.85 and achieved an intraday high of $ 26.26. Almost 11.10 million shares were traded on Friday’s trading session as against the average volume of 15.68 million shares in the past 90 days trading sessions. Yahoo! Inc. (NASDAQ:YHOO) has been granted a “hold” rating by almost twenty investment analysts. Of these, “buy” rating has been suggested by fourteen analysts
Being a technology company, the focus of Yahoo! Inc. (NASDAQ:YHOO) is on offering tools on mobile devices as well as on Web pertaining to communication, content and search all over the world. There have been various acquisitions that have been effected by the company. MileWise Inc. was acquired in May 2013 and concomitantly GoPollGo Inc. and PlayerScale Inc were acquired by Yahoo! Inc. (NASDAQ:YHOO). In the month of June, the company announced Tumblr Inc. acquisition. After these acquisitions, in July 2013, Yahoo! Inc. (NASDAQ:YHOO) acquired Bignoggins Productions LLC, Xobni which is an application for management of e-mail and address book and its latest acquisition has been Qwiki Inc. Qwiki is an application for mobile phones which is able to generate mini-movies by utilizing the videos and photographs of the clients.
Yahoo! Inc. (NASDAQ:YHOO) has shown an immense activeness with regards to acquisitions with Marissa Meyer taking over as the CEO of the company. Other latest acquisitions by the company include A maker of task management application, Astrid, A maker of application of news-condenser, Summly, A maker of application for mobile-review; OnTheAir, A web clipping service, Snip.it, A maker of application basis location, Propeld, A site for social recommendation, Jybe, A start-up for gaming on mobile Loki Studios, a company for gaming infrastructure, PlayerScale, A maker of photo application, GhostBird Software and Service provider for business conference call, Rondee.
