Yahoo: What the Street’s Saying

December 9, 2015 4:08 PM

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Yahoo: What the Street’s Saying

Yahoo Inc. has officially shifted gears, shelving its proposed spinoff of its stake in Alibaba Group Holding Ltd. The response from investors Wednesday was been initially muted, but the stock moved down further as the day wore on.

While it started out up nearly 3%, Yahoo’s stock recently traded down about 4.5% to $33.25.

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