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Tech Stocks Respond to Yahoo Shakeup (YHOO, GOOG, MSFT, AAPL)

Shares of Yahoo up slightly after CEO firing

 



(EMAILWIRE.COM, September 07, 2011 ) Chicago, IL -- Yahoo Inc. stole the headlines Tuesday amidst a corporate shakeup.

The company announced it fired CEO Carol Bartz who led Yahoo (Nasdaq: YHOO) for more than two years but just could not bring a turnaround for the Internet giant. Yahoo's board named Tim Morse, its chief financial officer, as interim CEO. Yahoo officals say they are seeking a permanent replacement.

Yahoo is one stock to watch Tuesday according to The Stockfather which offers a free investor newsletter by email. To sign up, visit http://www.thestockfather.com.

Yahoo closed up slightly Tuesday to $12.91 on volume of 54 million. After hours, however, YHOO is up 6.27 percent to $13.72.

Here's how some other tech stocks performed Tuesday on the same day as the shakeup at Yahoo.

Google Inc. (NasdaqGS: Goog ) closed up .51 percent Tuesday to $522.18. Volume was 2.7 million.

Microsoft Corporation (NasdaqGS: MSFT ) last traded at $25.51 yesterday and closed up slightly over 1 percent on volume of 54.9 million.

Apple Inc. (NasdaqGS: AAPL ) closed at $379.74 Tuesday on volume of 18,203,447.

Thestockfather.com was not compensated for this press release and does not own any shares in any of the companies mentioned.

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