Yahoo! Inc.
(YHOO) opened at 21.89. So far today, the stock has hit a low of 20.92 and a high of 21.90. YHOO is now trading at 21.24, up 1.04 (4.75%). The stock hit its 52 week high of 34.08 in October and set its 52 week low of 18.58 in January. YHOO had a big jump in February, but has shown signs of weakness since then. Shares of Yahoo have been surging after a news report said Microsoft Corp.
(MSFT) has approached other media companies about a potential joint bid for the Web portal. According to Wall Street Journal, Microsoft has held talks with Time Warner
(TWX), News Corp.
(NWS) and other firms about an arrangement in which Microsoft would buy Yahoo's search business, with the other firm buying what's left of Yahoo. Technical indicators for the stock are bearish and steady while S&P gives YHOO a neutral 3 STARS (out of 5) hold rating. If you’re looking for a hedged play on this stock, consider an August bull-put credit spread below the $17.50 range. YHOO stock could fall up to 17.6% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]