Deutsch: Logo von Yahoo (Photo credit: Wikipedia)

Dave Loeb Sells Yahoo Stock

One of the most heavily traded stocks over the past few years has been Yahoo Inc., while the company seemed to be struggling to compete with Google and other companies, it has gone through a considerable resurgence the past few years under a new CEO. One of the most significant investors in Yahoo has been the Third Point hedge fund, which has acquired nearly 60 million shares under the leadership of Dave Loeb. The hedge fund started acquiring shares a few years ago when they were trading around $12 per share. Since then the share price has skyrocketed to over $29, a 125% return over the past three years.