(EMAILWIRE.COM, December 24, 2009 ) Dallas, TX – Yahoo Inc. (NASDAQ:YHOO) soared over 4.32% to closed at $16.67 after Morgan Stanley reinitiated coverage on the company with an overweight rating, citing usage growth after Yahoo Inc redesigned its homepage and improvement in the online advertising market.
eBay Inc. (NASDAQ:EBAY) surged over 4.58% or $1.05 to $23.97 on heavier than-the-average volume. Janney analysts said that eBay Corp. was seeing increasing same-store sales in December, according to third-party service provider Channel Advisor’s results. Channel Advisor said eBay benefitted late from scarcity and that its same-store sales were up 6% though Dec. 20. Janney says that data may ease concerns about eBay’s market share over the holiday seasons, which have been weighing on shares in recent weeks.
Amazon.com, Inc. (NASDAQ:AMZN) also moved 3.87% to $138.92 as according to the same provider The results may be even better for Amazon.com Inc.
Google Inc. (NASDAQ:GOOG) jumped 1.76% to $611.68 after hitting a new 52-week high of $612.87 earlier in the session. In the last 3 trading session, the stock has jumped over 2.50% and the stock yesterday broke the key psychological barrier of $600 mark.
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