Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Yelp Inc shares valued at $397,226 were sold by Schwarzbach David A on Dec 16 ’24. At $39.72 per share, Schwarzbach David A sold 10,000 shares. The insider’s holdings dropped to 201,988 shares worth approximately $7.74 million following the completion of this transaction.
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Also, DAVID SCHWARZBACH purchased 10,000 shares, netting a total of over 397,226 in proceeds.
Before that, Nachman Joseph R had sold 6,999 shares from its account. In a trade valued at $269,927, the Chief Operating Officer traded Yelp Inc shares for $38.57 each. Upon closing the transaction, the insider’s holdings decreased to 6,999 shares, worth approximately $8.78 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 drop of approximately -4.70%. Over the course of the year, Yelp Inc shares have dropped approximately -19.10%. 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 $36.47, while a 200-day SMA reached $36.63. Nevertheless, trading volume fell to 0.64 million shares from 0.62 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 37.96, which, if violated, would cause prices to drop to 37.61. In the upper region, resistance lies at 38.65. The next price resistance is at 39.00. RSI (Relative Strength Index) is 51.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 83.20%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
