Why Loeb's Move Is Different

Laura Martin of Needham & Co. downgraded Yahoo! (YHOO) today after upgrading it last week following its earnings and disclosure of how Alibaba did in the first quarter. Martin cited Dan Loeb selling a majority of his holdings in the company as the reason for the downgrade.

It's important to keep a few things in mind. Loeb sold 12 million shares of Yahoo! in February when the stock was around $20. At the time, there was similar handwringing as we're seeing now as some wondered why he sold and if he had a change of heart. Five months and $9 later, we know that argument was wrong....331 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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