Shares of Yahoo! Inc. (YHOO) are up $1.02, or 2.74%, at $38.25, after the company this morning unveiled an upgraded version of its fantasy sports mobile app called Daily Fantasy that allows legal online gambling.
YHOO is up more nearly 8% year-over-year and has lost roughly 26% year-to-date. In the past 52 weeks, shares of Sunnyvale, California-based web portal have traded between a low of $32.93 and a high of $52.62.
Yahoo closed Wednesday at $37.23. The name has a current market cap of $34.94 billion.
Shares of Dynavax Technologies Corporation (DVAX) are up 2.50% on Thursday morning following the company’s third independent Data and Safety Monitoring Board [DSMB] recommendation to continue phase 3 study of HEPLISAV-B(TM). Separately, Dynavax announced that its cash, cash equivalents and marketable securities at June 30, 2015 were approximately $93.4 million.
21Vianet Group, Inc. (VNET) is up 16 percent to $18.99 based on the news that the Beijing, China-based company has retained a group of financial advisors as well as legal counsel in connection with its evaluation of a preliminary non-binding proposal dated June 10, 2015 from Mr. Josh Sheng Chen, the Chairman and Chief Executive Officer of the company.
Shares of Momo Inc. (MOMO) are higher by more than 18% to $16.22 in early morning trading on Thursday. Not seeing any news or rumors to account for the move.
AirMedia Group Inc. (AMCN) is seeing notable move off the open (up 18%) following a 6% rebound of Chinese shares on Thursday. The rebound came after China’s securities regulator banned shareholders with large stakes in listed firms from selling.
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