Yahoo! was one of the big gainers on Tuesday as investors welcomed the appointment of Marissa Mayer as CEO.
NEW YORK (TheStreet) - Yahoo!(:YHOO) was one of the big pre-market gainers on Tuesday, rising 1.31% to $15.85 as investors welcomed the appointment of Google(:GOOG) executive Marissa Mayer as the company's new CEO.
The surprise news came after market close on Monday, making Mayer Yahoo!'s third CEO in 12 months. Interim CEO Ross Levinsohn, who was hotly tipped to clinch the top job, took the company's reins from Scott Thompson in May. Thompson, who exited the company amidst a furore over his educational credentials, was appointed CEO in January. His predecessor, Carol Bartz, was ousted last September.
Mayer, who was employee no. 20 at Google, has served in a number of roles at the search giant, most recently overseeing the company's Location, Maps and Local services.
Investors will be closely monitoring Yahoo!'s second-quarter results after market close on Tuesday for any hints about the new CEO's strategy for the company.
Yahoo! was also one of the most active pre-market Nasdaq stocks on Tuesday on share volume of 408,699.
Google shares crept up 0.52% to $577.9 before market open on Tuesday.
Intel(:INTC), which also reports its second-quarter results after market close, rose 0.36% to $25.22 on Tuesday.
Facebook(:FB) was another gainer on Tuesday, rising 0.9% to $28.50 on Nasdaq share volume of 216,254.
TheStreet will be live-blogging Yahoo!'s earnings, starting at 3.45PM ET on Tuesday:
--Written by James Rogers in New York.
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