Yahoo added another $5 billion to its buyback program, sending shares higher once again as investors wait to see the results of the Internet giant's recent investments.
"This stock has done tremendously well. ... This largely reflects the significant stake in [Chinese Internet company] Alibaba Group as well as substantial buyback activity over the last number of years," said Scott Kessler, equity analyst at S&P Capital IQ.
"The reality is, if you look at Yahoo and its financial performance, growth has been lacking and tremendously difficult to find on a consistent basis," Kessler said.