Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Yelp Inc shares valued at $238,105 were sold by Nachman Joseph R on Oct 04 ’24. At $34.02 per share, Nachman Joseph R sold 7,000 shares. The insider’s holdings dropped to 255,558 shares worth approximately $8.9 million following the completion of this transaction.
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Also, JOSEPH NACHMAN purchased 7,000 shares, netting a total of over 238,104 in proceeds.
Before that, THE YELP FOUNDATION had added 3,113 shares to its account. In a trade valued at $108,955, the Officer bought Yelp Inc shares for $35.00 each.
As published in a research note from Goldman on October 14, 2024, Yelp Inc [YELP] has been rated down from a Buy to a Neutral and the price target has been revised to $38 from $46. Analysts at BofA Securities started covering the stock with ‘”an Underperform”‘ outlook in a report released in mid September. As of July 16, 2024, Wolfe Research has initiated its “Peer perform” rating for YELP. Earlier on March 27, 2024, Raymond James initiated its rating. Their recommendation was “a Mkt perform” for YELP stock.
Analyzing YELP Stock Performance
During the last five days, there has been a surge of approximately 2.44%. Over the course of the year, Yelp Inc shares have dropped approximately -26.40%. 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 $34.17, while a 200-day SMA reached $37.89. Nevertheless, trading volume fell to 0.6 million shares from 0.51 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 34.49, which, if violated, would cause prices to drop to 34.15. In the upper region, resistance lies at 35.08. The next price resistance is at 35.33. RSI (Relative Strength Index) is 55.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 34.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
