Yelp Inc’s recent filing unveils that its Chief Operating Officer Nachman Joseph R unloaded Company’s shares for reported $0.24 million on Nov 04 ’24. In the deal valued at $34.07 per share,7,000 shares were sold. As a result of this transaction, Nachman Joseph R now holds 248,558 shares worth roughly $8.93 million.
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Then, JOSEPH NACHMAN bought 7,000 shares, generating $238,464 in total proceeds.
Before that, THE YELP FOUNDATION bought 3,500 shares. Yelp Inc shares valued at $122,500 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 Friday, Yelp Inc [NYSE:YELP] saw its stock fall -1.21% to $35.93. Over the last five days, the stock has gained 5.96%. Yelp Inc shares have fallen nearly -24.10% since the year began. Nevertheless, the stocks have fallen -19.02% 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 $34.30, while 200 days put it at $37.08.
Levels Of Support And Resistance For YELP Stock
The 24-hour chart illustrates a support level at 35.29, which if violated will result in even more drops to 34.64. On the upside, there is a resistance level at 36.57. A further resistance level may holdings at 37.20. The Relative Strength Index (RSI) on the 14-day chart is 61.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.77, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.34%. Stochastics %K at 80.56% indicates the stock is a selling.
How much short interest is there in Yelp Inc?
A steep rise in short interest was recorded in Yelp Inc stocks on 2024-10-15, growing by 0.13 million shares to a total of 4.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.47 million shares. There was a rise of 2.85%, which implies that there is a positive sentiment for the stock.
