Shares of Yelp (YELP) Drops by -2.77%

Yelp (YELP) has risen sharply, recording gains of 9.44% in the past 4 weeks. However, the stock has corrected -2.77% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.85% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 1.79% and the 50-Day Moving Average is 9.05%.

Yelp (NYSE:YELP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.92 and $28.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.46, notching a gain of 2.11% for the day. The total traded volume was 1,259,970 . The stock had closed at $28.85 on the previous day.


The company Insiders own 11.08% of Yelp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.94% . Institutional Investors own 76.66% of Yelp shares. During last six month period, the net percent change held by insiders has seen a change of 82.49%. In a related news,The director officer (Chief Operating Officer) of Yelp Inc, Donaker Geoffrey L sold 6,000 shares at $29.07 on July 6, 2016. The Insider selling transaction had a total value worth of $174,420. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Yelp Inc. (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engage directly with businesses, through reviews and its Message the Business feature. The Company has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings, tips, photos and videos. In addition to the business listing and advertising products, the Company also offers a range of features and consumer-interactive tools to facilitate transactions between consumers and the local businesses they find on Yelp.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.