AABA - Altaba Inc.
| Previous Close | 19.63 |
| Open | 19.56 |
| Bid | 0.00 x 45100 |
| Ask | 0.00 x 4000 |
| Day's Range | 19.41 - 19.68 |
| 52 Week Range | 19.25 - 79.18 |
| Volume | 45,460,037 |
| Avg. Volume | 13,722,026 |
| Market Cap | 10B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | Feb. 25, 2020 - Mar. 2, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 76.00 |
- Investing.com
Asian Markets Mixed; Chinese Stocks Gain Amid Signs of Trade Progress
Investing.com - Asian markets were mixed in morning trade on Monday. Chinese stocks rose amid positive trade news.
- Business Wire
Altaba Files Certificate of Dissolution
Altaba Inc. (“Altaba” or the “Fund”) (AABA) today announced that it filed a certificate of dissolution with the Secretary of State of the State of Delaware, as contemplated by the Plan of Complete Liquidation and Dissolution (the “Plan”) previously approved by the Fund’s Board of Directors and stockholders. The certificate of dissolution, which became effective at 4:00 p.m. Eastern Time on October 4, 2019, provides for the dissolution of the Fund under the General Corporation Law of the State of Delaware. In connection with the filing of the certificate of dissolution, effective as of 4:00 p.m. Eastern Time on October 4, 2019, the Fund closed its stock transfer books and discontinued recording transfers of its common stock, $0.001 par value per share (the “Shares”).
- Business Wire
Nasdaq to Halt Trading in Altaba Shares on October 2, 2019
Altaba Inc. (“Altaba” or the “Fund”) (NASDAQ:AABA) today announced that The Nasdaq Stock Market LLC (“Nasdaq”) has advised the Fund that it intends to halt trading in the Fund’s shares of common stock, par value $0.001 per share (the “Shares”), on the NASDAQ Global Select Market following the close of regular trading at 4:00 p.m. Eastern time on October 2, 2019, in anticipation of the Fund’s filing of a certificate of dissolution with the Secretary of State of the State of Delaware on October 4, 2019. Nasdaq has further advised the Fund that it intends to maintain the halt in trading in the Shares until confirmation of the filing of the certificate of dissolution, and that upon confirmation, Nasdaq intends to indefinitely suspend trading in the Shares prior to the opening of trading on the NASDAQ Global Select Market on October 7, 2019.
- Zacks
BlackRock Buys Stake in Authentic Brands: How Should Investors React?
On Sunday, August 11th, BlackRock (BLK) announced that it would be purchasing a roughly 30% stake in privately held Authentic Brands for $875 million, a deal that values the company at over $4 billion. Shares closed down 2.62% in trading Monday.
- Investing.com
Gold Prices Claw Back Some Lost Ground From U.S.-China Trade Truce
Investing.com - Gold prices on Tuesday clawed back a portion of the territory lost at the start of the week after the U.S. and China declared a trade truce, but remained below $1,400.
- Business Wire
Altaba Announces Stockholder Approval of Plan of Complete Liquidation and Dissolution
Altaba Inc. (“Altaba” or the “Fund”) (AABA) today announced that, at the Fund’s special meeting of stockholders (the “Special Meeting”) held earlier today, its stockholders voted to approve the voluntary liquidation and dissolution of the Fund pursuant to the Plan of Complete Liquidation and Dissolution (the “Plan”). The Fund announced on April 2, 2019 that its board of directors (the “Board”) had approved the Plan.
- Motley Fool
Why Alibaba Group Stock Plunged 19.6% in May
A large shareholder is exiting, for one thing.
- Investing.com
Crypto Continues to Gain Steam; Bitcoin Nears $9,000 Level
Investing.com - Bitcoin continued to rise and other top cryptocurrencies also traded higher on Tuesday morning in Asia.
- Business Wire
Altaba Announces Planned Sale of Alibaba Shares
Altaba Inc. (“Altaba” or the “Fund”) announced today that, in connection with its previously announced Plan of Complete Liquidation and Dissolution (the “Plan”), the Fund intends to commence selling the Alibaba Group Holding Limited’s (“Alibaba”) American Depositary Shares (the “Alibaba Shares”) on May 20, 2019. The Fund intends to sell the Alibaba Shares through open market transactions and/or through private dispositions not executed or recorded on a public exchange or quotation service. The Fund has previously disclosed that it intends to sell a minimum number of Alibaba Shares to ensure that the Fund has sufficient liquid assets to cover the amount of assets that the board of directors of the Fund (the “Board”) estimates will be sufficient to cover the maximum potential reserves that might be required by the Delaware Court of Chancery to satisfy the Fund’s known, contingent and potential future liabilities, and the Fund may sell up to 100% of its Alibaba Shares.
- Business Wire
Altaba Announces Meeting Date and Record Date for Special Meeting
Altaba Inc. (“Altaba” or the “Fund”) (AABA) today announced that its special meeting of stockholders in connection with the proposed liquidation and dissolution of the Fund will be held on Thursday, June 27, 2019 at 11:30 a.m. (Eastern time), at 50 Vanderbilt Avenue, New York, New York 10017. At the special meeting, the Fund’s stockholders will meet for the following purposes: (i) to consider and vote upon a proposal to approve the voluntary liquidation and dissolution of the Fund pursuant to the Fund’s previously announced Plan of Complete Liquidation and Dissolution (the “Plan”) and (ii) to grant discretionary authority to the Board of Directors of the Fund (the “Board”) to adjourn the special meeting, even if a quorum is present, to solicit additional proxies in the event that there are insufficient votes at the time of the special meeting to approve the liquidation and dissolution of the Fund pursuant to the Plan.
- Zacks
New Strong Sell Stocks for April 30th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- Motley Fool
Stock Market Today: Altaba Throws in the Towel
Elsewhere, Dave & Buster's rose after reporting a strong fourth quarter.
- TechCrunch
Yahoo spin-out Altaba is selling its entire Alibaba stake and closing down
The Yahoo spin-out created to house Yahoo's lucrative stake in Alibaba and Yahoo Japan announced today that it will sell its lucrative stake in Alibaba and shut up shop. The entity has long existed as a proxy to Alibaba -- some might argue Yahoo was the same in its final years -- and the sale is expected to net shareholders around $40 billion. Altaba was formed following Verizon's 2017 acquisition of Yahoo to create Oath -- disclaimer: that's TechCrunch's parent, and it is now called Verizon Media Group -- to keep hold of the 15 percent stake in Alibaba and a 35.5 percent stake in Yahoo Japan that Yahoo owned.
- Business Wire
Altaba Announces Board Approval of Plan of Complete Liquidation and Dissolution
Altaba Inc. (“Altaba” or the “Fund”) (AABA) today announced that the Fund’s Board of Directors (the “Board”) has approved the liquidation and dissolution of the Fund pursuant to a Plan of Complete Liquidation and Dissolution (the “Plan”), subject to stockholder approval. The Fund intends to file a proxy statement with the U.S. Securities and Exchange Commission (the “SEC”) with respect to a special meeting of stockholders to seek stockholder approval of the liquidation and dissolution pursuant to the Plan.
- Zacks
Top-Performing ETFs Of The 10-Year Bull-Run
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Motley FoolIs Altaba a Buy?
The investment fund is very nearly a perfect proxy for investing directly in Alibaba. If you like that company, you'll appreciate this stock as well.
Motley FoolWhy Altaba's Stock Rose 18% In January
Chinese e-commerce titan Alibaba delivered strong third-quarter results, and that stock makes up 72% of Altaba's financial portfolio.
- Investing.com
Crypto Rises as CBOE Reapplies for Bitcoin ETF
The Chicago Board Options Exchange (CBOE) applied for the second time with the U.S. Securities and Exchange Commission on Thursday to list its Bitcoin ETF. Traders are hopeful the SEC will approve the security that tracks a basket of assets, as they say it could help increase adoption of the coin.
