Yahoo’s Stock Smacked Again as Bartz Departs with Golden Parachute
Yahoo! Inc.’s (NASDAQ:YHOO) former Chief Executive Officer Carol Bartz has finally resigned from the board, severing the last ties she had with the firm after a tumultuous ouster. Bartz walks away with a $14 million golden parachute.
Shares closed at $14.26, down 1.52%. The company trades at a P/E ratio of about 16 which is lower than its peers. The company also trades at a sales multiple of 3.3 which is higher than its industry.
On the technical front shares trade above their declining 50 day and below their declining 200 day moving averages. The MACD is bullish while RSI is pointing down at about 58.