Yelp Inc’s filing revealed that its Chief Operating Officer Nachman Joseph R unloaded Company’s shares for reported $0.24 million on Oct 04 ’24. In the deal valued at $34.02 per share,7,000 shares were sold. As a result of this transaction, Nachman Joseph R now holds 255,558 shares worth roughly $-8.8 million.
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Then, JOSEPH NACHMAN bought 7,000 shares, generating $238,104 in total proceeds.
Before that, THE YELP FOUNDATION bought 3,113 shares. Yelp Inc shares valued at $108,955 were divested by the Officer at a price of $35.00 per share.
Goldman downgraded its Yelp Inc [YELP] rating to a Neutral from a a Buy in a research note published on October 14, 2024; the price target was decreased to $38 from $46. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in mid September with a ‘”an Underperform”‘ rating. Wolfe Research began covering YELP with “Peer perform” recommendation on July 16, 2024. Raymond James started covering the stock on March 27, 2024. It rated YELP as “a Mkt perform”.
Price Performance Review of YELP
On Monday, Yelp Inc [NYSE:YELP] saw its stock jump 0.55% to $34.45. Over the last five days, the stock has lost -0.23%. Yelp Inc shares have fallen nearly -27.23% since the year began. Nevertheless, the stocks have fallen -19.42% 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 $34.09, while 200 days put it at $38.07.
Levels Of Support And Resistance For YELP Stock
The 24-hour chart illustrates a support level at 33.87, which if violated will result in even more drops to 33.29. On the upside, there is a resistance level at 34.76. A further resistance level may holdings at 35.07. The Relative Strength Index (RSI) on the 14-day chart is 51.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.59%. Stochastics %K at 34.69% 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 2024-09-30, growing by 0.55 million shares to a total of 4.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.18 million shares. There was a rise of 11.69%, which implies that there is a positive sentiment for the stock.
