Yahoo! president, Sue Decker, is buying around 47,000 of the company's shares for approximately USD1.1m, a day after the share price fell to USD22.44, the lowest it has been for three years. Decker's purchase was revealed in a US SEC filing. She now holds around 424,700 company shares. According to filing tracker, InsiderScore.com, the purchase was Decker's first open-market stock buy. In a research note, InsiderScore analysts wrote that the purchase represented the fourth and the biggest by any Yahoo! insider in four years. The analysts say the buy also goes against the current trend in the technology sector where company insiders have not been participating in the recent buying spree.

JP Morgan says in a research note that buying and selling of stock by management is usually the norm, but Decker's purchase indicates increased management confidence in Yahoo!'s performance. Morgan says this underpins its belief that Yahoo! is on the way to recovery in the search and display ad markets. Decker, who was previously the company's CFO, became president two months ago and her role is to oversee Yahoo!'s media business and advertising. Forward to colleagues