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Yahoo falls into $12 range, Dow enters 8,000 territory
Yahoo fell into the $12-a-share-range Thursday, marking the second consecutive day its stock tumbled to a new low.
The Internet company dipped as low as $12.47 a share during intraday trading, before ending the day at $12.65 a share--down just over 8 percent.
Each time Yahoo's stock drops into a new dollar range, analysts have noted that the border crossing serves as a psychological landmark for investors.
On Wednesday day, Yahoo crossed the $13-a-share threshold. Fear and loathing seem to have taken hold of its stock, with analysts panning the company's prospects in display advertising, given … Read more
