Yahoo Alibaba Spinoff Value Still Sinking As Q3 Nears

By | October 17, 2015

Scalper1 News

Will Yahoo’s spinoff of its 15.5% stake in China e-commerce giant Alibaba Group (BABA) into a separately traded stock be tax free? It’s a key question for investors, and analysts hope for an answer when Yahoo (YHOO) reports Q3 earnings after the close Tuesday. Yahoo stock touched a two-year low of 27.20 on Sept. 28 but has since risen and closed Friday at 33.37, down a fraction. Shares are down 34% this year. Yahoo stock rose 4.3% Thursday after Scalper1 News

Scalper1 News