For the first time ever, Yahoo (YHOO), the perennial runner-up to Google (GOOG) in just about every category, has bested its larger rival in a consumer satisfaction report. This is on the heals of its new president, Susan Decker, making the largest purchase of Yahoo stock by an insider in more than four years – nearly 47 million shares worth. With its stock languishing at multiyear lows, could Yahoo be nearing a bottom?
If you’re looking for a reason to get into YHOO, this might be it, Guy Adami says.
Decker “stepping up” was a big move, Pete Najarian says. All Terry Semel did was sell the stock so this should inject some confidence for investors.
And the consumer sentiment survey was “huge” as well, Pete says. He thinks Yahoo will continue to move higher like it has been in recent days.