Stocks in News: Yahoo! Inc. (NASDAQ:YHOO), Wells Fargo & Company (NYSE:WFC), YY Inc. (NASDAQ:YY), Support.com, Inc. (NASDAQ:SPRT), CYREN Ltd. (NASDAQ:CYRN)

Yahoo!, Inc. (NASDAQ:YHOO) and Polyvore, Inc. announced today that they have reached a definitive agreement for Yahoo to acquire Polyvore, a leading social shopping site. The acquisition will enhance Yahoo’s consumer and advertiser offerings — Polyvore will strengthen Yahoo’s digital magazines and verticals through the incorporation of community and commerce, and together Yahoo and Polyvore will power native shopping ads that drive traffic and sales to retailers. Broadly, Polyvore will accelerate Yahoo’s Mavens growth strategy (mobile, video, native, social) through its strong offerings in social, native, and mobile. Yahoo! Inc. (NASDAQ:YHOO) belongs to Technology sector. Its weekly performance is -1.59%. On last trading day company shares ended up $37.12. Yahoo! Inc. (NASDAQ:YHOO) distance from 50-day simple moving average (SMA50) is -7.51%.

Wells Fargo & Company (NYSE:WFC) Bank, N.A. announced that it will withdraw from mortgage marketing services and desk rental agreements with real estate firms, builders and certain other referral sources. The decision was made as a result of increasing uncertainty surrounding regulatory oversight of these types of arrangements and as part of Wells Fargo’s ongoing efforts to simplify the process that customers experience as they weigh all of their choices when shopping for a mortgage. Wells Fargo & Company (NYSE:WFC) shares decreased -0.16% in last trading session and ended the day at $57.82. WFC return on assets is 1.30%. Wells Fargo & Company (NYSE:WFC) quarterly performance is 4.47%.

YY Inc. (NASDAQ:YY) announced that the special committee of its board of directors (the “Special Committee”) has retained Citigroup Global Markets Inc. as its independent financial advisor and Fenwick & West LLP as its legal counsel. The Special Committee was formed in connection with the preliminary non-binding proposal dated July 9, 2015 from the consortium comprising Mr. Jun Lei, Chairman of the Company’s board of directors, and Mr. David Xueling Li, director and Chief Executive Officer of the Company (the “Proposal”). On 04 August, YY Inc. (NASDAQ:YY) shares moved up 0.80% and was closed at $59.46. YY EPS growth in last 5 year was 25.40%. YY Inc. (NASDAQ:YY) year to date (YTD) performance is -4.62%.

Lee Gruenfeld of Support.com, Inc. (NASDAQ:SPRT)to Join Analyst John Ragsdale of TSIA in August 6th Webinar: “Five Support Imperatives for Saving the Internet of Things (IoT)”. Support.com, Inc. (NASDAQ:SPRT) ended the last trading day at $1.24. Company weekly volatility is calculated as 6.48% and price to cash ratio as 0.94. Support.com, Inc. (NASDAQ:SPRT) showed a weekly performance of -8.15%.

CYREN Ltd. (NASDAQ:CYRN) announced the release of its Q2 2015 CYREN Cyberthreat Report that highlights a 38% overall quarterly increase in phishing attacks. It also details the ever-growing number and sophisticated types of phishing attacks specifically designed to gain access to corporate information. CYREN Ltd. (NASDAQ:CYRN) shares decreased -0.48% in last trading session and ended the day at $2.07. CYRN Gross Margin is 73.40% and its return on assets is -13.20%. CYREN Ltd. (NASDAQ:CYRN) quarterly performance is -33.01%.

Leave a Reply

Your email address will not be published. Required fields are marked *