Yelp Inc’s recently made public that its Officer JOSEPH NACHMAN acquired Company’s shares for reported $0.23 million on Aug 05 ’24. In the deal valued at $33.25 per share,7,000 shares were bought.
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Then, Nachman Joseph R sold 7,000 shares, generating $232,751 in total proceeds. Upon selling the shares at $33.25, the Chief Operating Officer now owns 281,842 shares.
Before that, Nachman Joseph R sold 7,000 shares. Yelp Inc shares valued at $253,655 were divested by the Chief Operating Officer at a price of $36.24 per share. As a result of the transaction, Nachman Joseph R now holds 288,842 shares, worth roughly $9.67 million.
Wolfe Research initiated its Yelp Inc [YELP] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late March with a ‘”a Mkt perform”‘ rating. JP Morgan also remained covering YELP and has increased its forecast on October 27, 2023 with a “Neutral” recommendation from previously “an Underweight” rating. Craig Hallum started covering the stock on July 28, 2023. It rated YELP as “a Buy”.
Price Performance Review of YELP
On Friday, Yelp Inc [NYSE:YELP] saw its stock fall -0.12% to $33.47. Over the last five days, the stock has lost -3.54%. Yelp Inc shares have fallen nearly -29.30% since the year began. Nevertheless, the stocks have fallen -21.78% over the past one year. While a 52-week high of $48.99 was reached on 01/02/24, a 52-week low of $32.56 was recorded on 08/08/24. SMA at 50 days reached $36.16, while 200 days put it at $40.41. A total of 1.35 million shares were traded, compared to the trading of 2.35 million shares in the previous session.
Levels Of Support And Resistance For YELP Stock
The 24-hour chart illustrates a support level at 32.80, which if violated will result in even more drops to 32.13. On the upside, there is a resistance level at 34.75. A further resistance level may holdings at 36.03. The Relative Strength Index (RSI) on the 14-day chart is 29.96, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.93%. Stochastics%K at 14.38% indicates the stock is a buying.
