Altaba Inc. (AABA)’s Double Top Pattern Points to Lower Stock Risks

May 17, 2018 - By Christine McCrea

The chart of Altaba Inc. (AABA) shows a double top with $81.82 target or 6.00 % above today’s $77.19 share price. The 9 months chart pattern indicates low risk for the $62.52B company. It was reported on May, 17 by Finviz.com. If the $81.82 price target is reached, the company will be worth $3.75B more. Double tops are rare but powerful chart patterns.

The stock increased 0.22% or $0.17 during the last trading session, reaching $77.19. About 1.18M shares traded. Altaba Inc. (NASDAQ:AABA) has risen 57.39% since May 17, 2017 and is uptrending. It has outperformed by 45.84% the S&P500.

More recent Altaba Inc. (NASDAQ:AABA) news were published by: Gurufocus.com which released: “Facebook Dominates Gurus’ Portfolios in 1st Quarter” on May 17, 2018. Also Finance.Yahoo.com published the news titled: “Altaba Inc (NASDAQ:AABA): What Does It Mean For Your Portfolio?” on April 23, 2018. Seekingalpha.com‘s news article titled: “Yahoo successor settles cyberbreach for $35M” with publication date: April 25, 2018 was also an interesting one.

Altaba Inc. operates as a non-diversified, closed-end management investment firm in the United States. The company has market cap of $62.52 billion. The Company’s assets consist primarily of equity investments, short-term debt investments, and cash. It has a 2.58 P/E ratio. The firm was formerly known as Yahoo! Inc. and changed its name to Altaba Inc. in June 2017.

Altaba Inc. (NASDAQ:AABA) Ratings Chart

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