Yelp Inc’s recent filing unveils that its Officer JOSEPH NACHMAN acquired Company’s shares for reported $0.24 million on Oct 04 ’24. In the deal valued at $34.01 per share,7,000 shares were bought.
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Then, THE YELP FOUNDATION bought 3,113 shares, generating $108,955 in total proceeds.
Before that, THE YELP FOUNDATION bought 387 shares. Yelp Inc shares valued at $13,545 were divested by the Officer at a price of $35.00 per share.
BofA Securities initiated its Yelp Inc [YELP] rating to an Underperform in a research note published on September 16, 2024; the price target was $30. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”a Peer perform”‘ rating. Raymond James began covering YELP with “Mkt perform” recommendation on March 27, 2024. JP Morgan revised its rating on October 27, 2023. It rated YELP as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of YELP
On Monday, Yelp Inc [NYSE:YELP] saw its stock fall -0.23% to $34.53. Over the last five days, the stock has lost -1.57%. Yelp Inc shares have fallen nearly -27.06% since the year began. Nevertheless, the stocks have fallen -17.07% 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 $34.27, while 200 days put it at $38.42.
Levels Of Support And Resistance For YELP Stock
The 24-hour chart illustrates a support level at 34.29, which if violated will result in even more drops to 34.05. On the upside, there is a resistance level at 34.74. A further resistance level may holdings at 34.95. The Relative Strength Index (RSI) on the 14-day chart is 51.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.51%. Stochastics %K at 45.27% indicates the stock is a holding.
How much short interest is there in Yelp Inc?
A steep rise in short interest was recorded in Yelp Inc stocks on 2024-09-13, growing by 0.42 million shares to a total of 4.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.05 million shares. There was a rise of 9.41%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 28, 2023 when Craig Hallum began covering the stock and recommended ‘”a Buy”‘ rating along with a $54 price target.
