Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Yelp Inc shares valued at $111,732 were sold by Schwarzbach David A on Apr 15 ’24. At $40.63 per share, Schwarzbach David A sold 2,750 shares. The insider’s holdings dropped to 258,848 shares worth approximately $10.2 million following the completion of this transaction.
Also, Nachman Joseph R sold 6,000 shares, netting a total of over 232,982 in proceeds. Following the sale of shares at $38.83 each, the insider now holds 312,502 shares.
Before that, Schwarzbach David A had sold 2,750 shares from its account. In a trade valued at $103,675, the Chief Financial Officer traded Yelp Inc shares for $37.70 each. Upon closing the transaction, the insider’s holdings decreased to 2,750 shares, worth approximately $10.59 million.
As published in their initiating research note from Raymond James on March 27, 2024, Yelp Inc [YELP] has been a Mkt perform. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of July 28, 2023, Craig Hallum has initiated its “Buy” rating for YELP. Earlier on July 17, 2023, Goldman upgraded its rating. Their new recommendation was “a Buy” for YELP stock which previously was a “a Neutral”.
Analyzing YELP Stock Performance
During the last five days, there has been a drop of approximately -1.75%. Over the course of the year, Yelp Inc shares have dropped approximately -16.75%. Shares of the company reached a 52-week high of $46.98 on 01/02/24 and a 52-week low of $35.56 on 02/22/24. A 50-day SMA is recorded $39.49, while a 200-day SMA reached $42.43. Nevertheless, trading volume fell to 0.5 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Yelp Inc (YELP)
According to the 24-hour chart, there is a support level at 39.18, which, if violated, would cause prices to drop to 38.95. In the upper region, resistance lies at 39.74. The next price resistance is at 40.08. RSI (Relative Strength Index) is 47.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 84.74%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
