The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Yelp Inc shares valued at $235,745 were sold by Nachman Joseph R on Sep 04 ’24. At $33.68 per share, Nachman Joseph R sold 7,000 shares. The insider’s holdings dropped to 262,558 shares worth approximately $9.03 million following the completion of this transaction.
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Also, JOSEPH NACHMAN purchased 7,000 shares, netting a total of over 235,745 in proceeds.
Before that, Eaton Sam had sold 10,776 shares from its account. In a trade valued at $377,160, the Chief Technology Officer traded Yelp Inc shares for $35.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,776 shares, worth approximately $4.99 million.
As published in their initiating research note from BofA Securities on September 16, 2024, Yelp Inc [YELP] has been an Underperform and the price target has been revised to $30. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in mid July. As of March 27, 2024, Raymond James has initiated its “Mkt perform” rating for YELP. Earlier on October 27, 2023, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for YELP stock which previously was a “an Underweight”.
Analyzing YELP Stock Performance
During the last five days, there has been a surge of approximately 2.11%. Over the course of the year, Yelp Inc shares have dropped approximately -27.33%. Shares of the company reached a 52-week high of $46.98 on 01/02/24 and a 52-week low of $32.56 on 08/08/24. A 50-day SMA is recorded $34.84, while a 200-day SMA reached $39.04. Nevertheless, trading volume fell to 0.65 million shares from 0.9 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 33.98, which, if violated, would cause prices to drop to 33.57. In the upper region, resistance lies at 34.90. The next price resistance is at 35.41. RSI (Relative Strength Index) is 51.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 30.00%, indicating 30.00 price movement. Stochastics %K at holding indicates that the stock is to be held.
