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 $253,655 were sold by Nachman Joseph R on Jul 05 ’24. At $36.24 per share, Nachman Joseph R sold 7,000 shares. The insider’s holdings dropped to 288,842 shares worth approximately $10.52 million following the completion of this transaction.
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Also, Nachman Joseph R sold 4,941 shares, netting a total of over 180,495 in proceeds. Following the sale of shares at $36.53 each, the insider now holds 295,842 shares.
Before that, Eaton Sam had sold 425 shares from its account. In a trade valued at $15,610, the Chief Technology Officer traded Yelp Inc shares for $36.73 each. Upon closing the transaction, the insider’s holdings decreased to 425 shares, worth approximately $6.12 million.
As published in their initiating research note from Wolfe Research on July 16, 2024, Yelp Inc [YELP] has been a Peer perform. Analysts at Raymond James started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in late March. As of October 27, 2023, JP Morgan has increased its “an Underweight” rating to a “Neutral” for YELP. Earlier on July 28, 2023, Craig Hallum initiated its rating. Their recommendation was “a Buy” for YELP stock.
Analyzing YELP Stock Performance
During the last five days, there has been a surge of approximately 2.04%. Over the course of the year, Yelp Inc shares have dropped approximately -23.05%. Shares of the company reached a 52-week high of $46.98 on 01/02/24 and a 52-week low of $34.76 on 07/10/24. A 50-day SMA is recorded $36.53, while a 200-day SMA reached $40.72. Nevertheless, trading volume fell to 1.13 million shares from 0.71 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 36.20, which, if violated, would cause prices to drop to 35.97. In the upper region, resistance lies at 36.86. The next price resistance is at 37.29. RSI (Relative Strength Index) is 47.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 65.89%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
