Market Movers: Yahoo! Inc. (NASDAQ:YHOO), Renren Inc (NYSE:RENN), AOL (NYSE:AOL), Google Inc (NASDAQ:GOOGL)

Posted by on Jul 07, 2014

On June 23, 2014, Yahoo! Inc. (NASDAQ:YHOO), launched an intelligent home screen app called Yahoo Aviate, which simplifies phones powered by the Android operating system of Google Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL). Yahoo! Inc. (NASDAQ:YHOO), net profit margin is 27.60% and weekly performance is 7.37%. On last trading day company shares ended up $36.14. Analysts mean target price for the company is $41.38. Yahoo! Inc. (NASDAQ:YHOO), distance from 50-day simple moving average (SMA50) is 3.47%.

Renren Inc (NYSE:RENN), shares saw an uptick in trading volume on Thursday following a better than expected earnings announcement, American Banking & Market News reports. 1,848,050 shares changed hands during mid-day trading, an increase of 109% from the previous session’s volume of 884,319 shares.The stock last traded at $3.25 and had previously closed at $3.17. Renren Inc (NYSE:RENN), in last trading session ended on $3.41. RENN, Gross Margin is 49.30% and its return on assets is 7.60%. Renren Inc (NYSE:RENN), quarterly performance is 3.33%.

On June 20, 2014, UM, a division of IPG Mediabrands, and AOL Platforms, a division of AOL, Inc. (NYSE:AOL), are combining forces to build a real-time, moments-based marketing initiative to enable “Moments Marketing” for advertisers. Driven by a programmatic infrastructure built out by UM and utilizing AOL technology, this new platform offers UM the ability to execute against a new planning paradigm; moving from a traditional media mix to a specific, targeted moments mix. AOL, Inc. (NYSE:AOL), shares moved up 1.50% in last trading session and was closed at $41.41, while trading in range of $40.48 – 41.48. AOL, Inc. (NYSE:AOL), year to date (YTD) performance is -11.18%.

On July 02, 2014, Google Inc (NASDAQ:GOOGL), announced Tuesday that it has acquired streaming music startup Songza. It’s the search engine giant’s latest move to become a major player in the rapidly growing online music business. Though Google Inc didn’t disclose terms of the deal, sources familiar with the deal told the New York Post that the company paid about $35 million for the 4-year old New York company. Google Inc (NASDAQ:GOOGL), ended the last trading day at $593.08. Company weekly volatility is calculated as 0.93% and price to cash ratio as 6.94. Google Inc (NASDAQ:GOOGL), showed a positive weekly performance of 1.42%.

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