As the Alibaba IPO nears, Cramer expects a slew of stocks to selloff. He's naming names.» Read More
eBay fell $1.23 or 2.4 percent, to $50.96. Groupon Inc. fell$. 21 or 2.9 percent, to $6.95. LinkedIn Corp. fell $17.12 or 7.6 percent, to $207.71.
Alibaba's could be the largest initial public offering in history and has seen "overwhelming" interest, meaning Yahoo's 23 percent stake could be worth more next week than it is now. Yahoo stock pulled back from a 14- year high and fell 0.8 percent to 42.55 with 71.7 million shares traded, more than double its 10- day average of 34.2 million.
*Yahoo loses early gains, volume high. Alibaba's could be the largest initial public offer in history and has seen "overwhelming" interest, meaning Yahoo's 23 percent stake could be worth more next week than it is now. Yahoo stock was falling 1.3 percent with 4.7 million shares already traded, after earlier hitting its highest in 14 years.
*Yahoo gives up near 3 pct jump, volume high. Alibaba's could be the largest initial public offer in history and has seen "overwhelming" interest, meaning Yahoo's 23 percent stake could be worth more next week than it is now. Yahoo stock was falling 1.3 percent with 4.7 million shares already traded, after earlier hitting its highest in 14 years.
eBay fell $1.25 or 2.4 percent, to $50.95. Groupon Inc. fell$. 16 or 2.2 percent, to $7.00. LinkedIn Corp. fell $12.54 or 5.6 percent, to $212.29.
Apple Inc. was unchanged at $101.63 with 58,525,300 shares traded. Avanir Pharmaceuticals rose 85.3 percent to $12.49 with 83,534,300 shares traded. Cisco Systems Inc. fell. 4 percent to $25.06 with 32,564,800 shares traded.
"There is some nervousness out there so some money is coming out of the high flyers and some of it is people getting ready to raise some cash to put to work to Alibaba," said Ken Polcari, Director of the NYSE floor division at O'Neil Securities in New York.
Discussing the relationship between Yahoo and Alibaba, and the leadership of Marissa Mayer at Yahoo, with former Yahoo interim CEO Ross Levinsohn.
*Yahoo gives up near 3 pct jump, volume high. Alibaba Group plans to increase the size of its U.S. initial public offering because of "overwhelming" investor demand, people familiar with the deal said, giving a short-lived push to shares of Yahoo, who owns a 23 percent stake.
Since plunging $1 billion into Alibaba nine years ago, the investment is the only thing Yahoo has gotten right.
eBay fell$. 91 or 1.7 percent, to $51.28. Groupon Inc. rose$. 03 or. 4 percent, to $7.19. LinkedIn Corp. fell $8.52 or 3.8 percent, to $216.32.
Brent crude oil fell to its lowest in more than two years, below $97 per barrel, weighed by a strong U.S. dollar and data showing China's factory output grew at the weakest pace in nearly six years in August.
NEW YORK, Sept 15- Yahoo was the most traded stock on the Nasdaq in premarket action on Monday as traders looked for ways to step in front of Alibaba Group's debut, expected on the NYSE later this week.
Simon Xie is the only individual besides Executive Chairman Jack Ma who owns the domestic Chinese companies.
BEIJING, Sept 15- Inside Alibaba, where co-founders are revered like rock stars, relatively few employees know about the soft-spoken executive who for years kept his same cramped office, unfashionable clothes and the self-effacing demeanor of a metalworker's son.
eBay rose $1.51 or 3.0 percent, to $52.19. Groupon Inc. rose$. 12 or 1.6 percent, to $7.16. LinkedIn Corp. fell $1.78 or. 8 percent, to $224.83.
NEW YORK, Sept 12- U.S. stocks fell on Friday as energy shares extended their recent slide, while rising bond yields drove down high-dividend paying shares. Shares of Exxon Mobil Corp retreated 1.3 percent on the day, while ConocoPhillips fell 1.2 percent.
Discussing the valuation of the Alibaba IPO, with David Garrity, GVA Research.
Garlinghouse left Hightail when the company's board didn't want to sell, Re/code reports.
NEW YORK, Sept 12- U.S. stocks fell on Friday, with major indexes on track to snap five-week winning streaks, as energy shares again led the market down. Exxon Mobil fell 1.2 percent to $95.85 while Chevron Corp was down 0.9 percent at $122.67.