Uptrend Stocks: Yahoo! Inc. (NASDAQ:YHOO), IHS Inc. (NYSE:IHS), ACE Limited (NYSE:ACE)

April 25, 2023 9:28 am0 commentsViews: 69

Chief Executive Officer of Yahoo! Inc. (NASDAQ:YHOO) Marissa Mayer reported that the firm’s spinoff of its stake in Alibaba Group Holding Ltd. is proceeding as planned. Mayer stated that she’s confident about the plan, which will distribute shares in the Chinese e-commerce firm to Yahoo shareholders. It should not be affected by any possible regulatory changes, she added during an interview at the Bloomberg Technology Conference in San Francisco. The firm has been reassured that any new tax steps weren’t “specific” to Yahoo, she added. “We’re proceeding with our plan,” Mayer said. “The changes don’t apply for previous requests. These proposed changes aren’t changing the applicable law, but just changing the processes. There are many of these transactions. We feel like we should proceed with the transaction as we planned.” Yahoo! Inc. (NASDAQ:YHOO) begun last trade with a price of $40.74 and throughout the trading session climbed at a high of $40.80. The day-trade ended with -0.20% to $40.65. The stock is going forward to its 52 week low with 23.44% and lagging behind from its 52 week high price with -22.75%.

The leading global source of information and analytics, IHS Inc. (NYSE:IHS) released that its Q2 net income of $50.95M or $0.74 a share, as compared to $55.49M or $0.81 a share, previous year. The adjusted EPS was $1.50, for the quarter. On average, 15 analysts polled by Thomson Reuters anticipated the firm to report profit per share of $1.45 for the quarter. Analysts’ estimates typically exclude special items. Adjusted EBITDA increased to $185.10 million from $172.73 million, a year ago. Revenue increased 4 percent to $591.41 million from $568.01 million last year. IHS Inc. (NYSE:IHS) has the market capitalization of 9.08 Billion. Shares of firm climbed 2.64% to close at $132.02 with the total traded volume of 814252. The firm has current ratio of 0.80 for the most recent quarter.

ACE Limited (NYSE:ACE) released that selection of Dang Hoang Tung as its new Country President for its general insurance operation in Vietnam, effective June 29. Dang be successful Christopher Twomey, who will return to the US to take up a role in ACE’s Risk Management Global Casualty Underwriting unit. In his new role, Dang will oversee the operations and business development activities of ACE’s key business lines in Vietnam namely, Property & Casualty as well as Accident & Health and Travel Insurance. He is as well accountable for the management of regulatory relationships, strategic partnerships and affinity relationships. He will report to Juan Luis Ortega, Regional President for ACE’s general insurance operations in Asia Pacific. ACE Limited (NYSE:ACE) stock price closed at $106.41 with the total traded volume of 850152 shares. Its price to sales ratio ended at 1.81. Its market capitalization is 34.75 Billion. The stock owned by the Financial Institutions was 92.30% while by insiders was 0.80%.


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