Trading in Yahoo Stock Halted on Nasdaq

Share this content:
Trading in Yahoo stock was halted on the Nasdaq exchange shortly after the market opened this morning, pending news from the company.

Yahoo's shares were halted at $21 shortly after 10 a.m. EST.

Yahoo said it would make an announcement at 5 p.m. EST and hold a conference call 15 minutes later to discuss the news.

Yahoo at the last minute yesterday dropped out of Merrill Lynch's Internet conference scheduled for today in New York, leading to speculation that a major announcement was imminent.

Merrill Lynch said the company had never dropped out of its conference at the last minute before. Analysts have been speculating that the company would announce a major acquisition, an earnings warning or a management change.

"Yahoo's never been a business-as-usual company, so maybe their reason for canceling the conference won't be business as usual either," said Merrill Lynch Internet analyst Henry Blodget in a research note.

No one at Yahoo was available to comment.

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above