Yahoo! Inc (NASDAQ:YHOO) CEO Marissa A. Mayer sold 36,000 shares of the company’s stock on the open market in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $36.04, for a total transaction of $1,297,440.00. Following the completion of the sale, the chief executive officer now directly owns 2,511,682 shares of the company’s stock, valued at approximately $90,521,019. Yahoo! Inc. (NASDAQ:YHOO) stock opened today at $35.00 and is currently trading at $35.09. The stock showed a positive weekly performance of 2.84%.
In a report published Monday, Bank of America analyst Timna Tanners upgraded the rating on AK Steel Holding Corporation (NYSE:AKS) from Neutral to Buy, and raised the price target from $9.00 to $10.00. In the report, Bank of America noted, “We upgrade AKS to Buy from Neutral on: 1) better global electrical steel demand, 2) falling iron ore costs into H2, and 3) an improving FCF story into 2015E. AK is the only beneficiary of lower iron ore prices of our coverage universe, as even with its Magnetation investment it still relies on third party iron ore for half its needs. AK Steel Holding Corporation (NYSE:AKS) stock opened at $6.75, in current trading session and currently is at $6.90, by gaining 7.48%. The 52 week range is $6.75 – $6.90. Company’s market capitalization is $943.31 million.
Medtronic, Inc. (NYSE:MDT) will acquire Irish med-tech firm Covidien for $42.9 billion in a deal that will create a tax shield for Medtronic and, at least on paper, move its headquarters overseas. Medtronic, Inc. (NYSE:MDT) stock is currently trading at $63.22. The EPS of the stock is 3.02. Company’s market capitalization is $ 63.17 billion.
Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Fusion-IO, Inc. (NYSE:FIO) breached their fiduciary duties in connection with the proposed sale of the Company to SanDisk Corporation. Fusion-IO, Inc. (NYSE:FIO) stock opened the session at $ 11.44, and now is at $11.40. The 52 week range of the stock remained $7.77 – $ 15.59 and the day range was $11.35 – $11.45.
United States Oil Fund LP (ETF) (NYSEARCA:USO) stock opened today at $39.19 and is currently trading at $39.22. The stock showed a positive weekly performance of 4.01%.