In a filing, Yelp Inc revealed its Chief Technology Officer Eaton Sam unloaded Company’s shares for reported $0.38 million on Nov 21 ’24. In the deal valued at $35.12 per share,10,744 shares were sold. As a result of this transaction, Eaton Sam now holds 122,480 shares worth roughly $4.43 million.
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Then, SAMUEL JOSEPH EATON bought 10,744 shares, generating $377,279 in total proceeds.
Before that, Amara Carmen sold 12,854 shares. Yelp Inc shares valued at $490,613 were divested by the Chief People Officer at a price of $38.17 per share. As a result of the transaction, Amara Carmen now holds 88,813 shares, worth roughly $3.21 million.
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 jump 1.55% to $36.13. Over the last five days, the stock has gained 0.50%. Yelp Inc shares have fallen nearly -23.68% since the year began. Nevertheless, the stocks have fallen -21.01% 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 $34.81, while 200 days put it at $36.68.
Levels Of Support And Resistance For YELP Stock
The 24-hour chart illustrates a support level at 35.42, which if violated will result in even more drops to 34.71. On the upside, there is a resistance level at 36.54. A further resistance level may holdings at 36.95. The Relative Strength Index (RSI) on the 14-day chart is 55.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.68%. Stochastics %K at 43.56% 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 2024-10-31, dropping by 90527.0 shares to a total of 4.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.74 million shares. There was a decline of -1.95%, which implies that there is a negative sentiment for the stock.
