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Top Internet Portal Logs 52-Week High.(B)
Byline: Craig Shaw
Yahoo cleared a seven-week consolidation Friday to notch its highest mark in more than a year. It's found support several times at its 50-day moving average since gapping off its October bottom. But overhead supply from its 2000 peak could impede its advance.
The leading Internet portal's profit slipped 63% in fiscal 2002, but is seen rebounding 66% this year and 39% in 2004. Sales growth the last three quarters ranged from 24% to 51%. A total of 445 mutual funds owned 140 million shares as of December vs. 355 funds with 81 million shares a year earlier.
Its ...
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