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 $490,613 were sold by Amara Carmen on Nov 12 ’24. At $38.17 per share, Amara Carmen sold 12,854 shares. The insider’s holdings dropped to 88,813 shares worth approximately $3.28 million following the completion of this transaction.
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Also, Amara Carmen purchased 12,854 shares, netting a total of over 490,613 in proceeds.
Before that, Nachman Joseph R had sold 7,000 shares from its account. In a trade valued at $238,465, the Chief Operating Officer traded Yelp Inc shares for $34.07 each. Upon closing the transaction, the insider’s holdings decreased to 7,000 shares, worth approximately $9.17 million.
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 0.68%. Over the course of the year, Yelp Inc shares have dropped approximately -22.07%. 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 $34.50, while a 200-day SMA reached $36.97. Nevertheless, trading volume fell to 0.86 million shares from 1.0 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 36.38, which, if violated, would cause prices to drop to 35.88. In the upper region, resistance lies at 37.82. The next price resistance is at 38.75. RSI (Relative Strength Index) is 60.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.15, which suggests the price will increase in the coming days. Percent R is at 32.79%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
