Yelp Inc’s recent filing unveils that its Chief Financial Officer Schwarzbach David A unloaded Company’s shares for reported $0.11 million on Apr 15 ’24. In the deal valued at $40.63 per share,2,750 shares were sold. As a result of this transaction, Schwarzbach David A now holds 258,848 shares worth roughly $10.35 million.
Then, Nachman Joseph R sold 6,000 shares, generating $232,982 in total proceeds. Upon selling the shares at $38.83, the Chief Operating Officer now owns 312,502 shares.
Before that, Schwarzbach David A sold 2,750 shares. Yelp Inc shares valued at $103,675 were divested by the Chief Financial Officer at a price of $37.70 per share. As a result of the transaction, Schwarzbach David A now holds 268,773 shares, worth roughly $10.75 million.
Raymond James initiated its Yelp Inc [YELP] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late October from “an Underweight” to “a Neutral”. Craig Hallum began covering YELP with “Buy” recommendation on July 28, 2023. Goldman revised its rating on July 17, 2023. It rated YELP as “a Buy” which previously was an “a Neutral”.
Price Performance Review of YELP
On Friday, Yelp Inc [NYSE:YELP] saw its stock fall -0.02% to $39.99. Over the last five days, the stock has lost -2.03%. Yelp Inc shares have fallen nearly -15.53% since the year began. Nevertheless, the stocks have risen 44.84% over the past one year. While a 52-week high of $48.99 was reached on 01/02/24, a 52-week low of $26.53 was recorded on 02/22/24. SMA at 50 days reached $39.12, while 200 days put it at $42.50. A total of 0.62 million shares were traded, compared to the trading of 0.6 million shares in the previous session.
Levels Of Support And Resistance For YELP Stock
The 24-hour chart illustrates a support level at 39.67, which if violated will result in even more drops to 39.35. On the upside, there is a resistance level at 40.44. A further resistance level may holdings at 40.89. The Relative Strength Index (RSI) on the 14-day chart is 50.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.27%. Stochastics %K at 50.25% indicates the stock is a holding.
