Yelp (YELP) : Mondays money flow points at investors jumping to buy the stock on the weakness of price. $20.85 million worth of transactions were on upticks, whereas, the downticks accounted for $19.44 million worth of transactions. The net money flow was a positive $1.41 million and the uptick to downtick ratio was 1.07. The net money flow into the stock was $0.79 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.79 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Yelp (YELP) was trading at $37.63, down $0.85 during day. The stock slid -2.2% over the previous days close. For the week, the stock recorded 16.58% over the previous weeks close.
Shares of Yelp Inc. rose by 17.96% in the last five trading days and 26.85% for the last 4 weeks. Yelp Inc. is up 48.41% in the last 3-month period. Year-to-Date the stock performance stands at 29.76%.
Yelp (NYSE:YELP): The stock opened at $38.57 on Monday but the bulls could not build on the opening and the stock topped out at $38.75 for the day. The stock traded down to $37.35 during the day, due to lack of any buying support eventually closed down at $37.37 with a loss of -2.88% for the day. The stock had closed at $38.48 on the previous day. The total traded volume was 3,303,891 shares.
In a related news, The Securities and Exchange Commission has divulged that Donaker Geoffrey L, director officer (Chief Operating Officer) of Yelp Inc, had unloaded 6,000 shares at an average price of $31.35 in a transaction dated on August 3, 2016. The total value of the transaction was worth $188,100.
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.