Decker Make Big Bet On Yahoo Stock

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A three-year low in the company’s stock price may have been too tempting for Yahoo president Susan Decker to let slip by without taking a chance on it.

It’s been over four years since a Yahoo insider put some cash down on share of the portal company. Decker swooped in right after Yahoo shares scraped a low of $22.44, paying a little more than that per share to take a new $1.1 million stake in Yahoo.

Her buy came a day after ex-CEO Terry Semel dumped thousands of Yahoo shares. Semel exercised options to buy 183,334 shares at $8.23 each, which he then sold for between $22.94 and $23.57 per share.

A Form 8-K filing with the SEC showed Decker purchased 47,000 shares of Yahoo, at prices between $23.40 and $23.68 per share, on August 7th and 8th.

It’s a rare vote of confidence for Yahoo from an insider. A Reuters report about Decker’s buy said it was just the fourth insider purchase in over four years, as well as the largest such buy in that time.

Decker Make Big Bet On Yahoo Stock
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