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 $38,400 were sold by Saldanha Craig on Jan 23 ’25. At $38.40 per share, Saldanha Craig sold 1,000 shares. The insider’s holdings dropped to 182,558 shares worth approximately $7.4 million following the completion of this transaction.
Also, THE YELP FOUNDATION purchased 2,500 shares, netting a total of over 97,000 in proceeds.
Before that, CRAIG SALDANHA had added 1,000 shares to its account. In a trade valued at $38,400, the Officer bought Yelp Inc shares for $38.40 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 2.63%. Over the course of the year, Yelp Inc shares have jumped approximately 4.78%. Shares of the company reached a 52-week high of $41.72 on 01/30/25 and a 52-week low of $37.96 on 01/13/25. A 50-day SMA is recorded $39.45, while a 200-day SMA reached $36.67. Nevertheless, trading volume fell to 0.74 million shares from 0.56 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 39.71, which, if violated, would cause prices to drop to 38.86. In the upper region, resistance lies at 41.07. The next price resistance is at 41.58. RSI (Relative Strength Index) is 56.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.01, which suggests the price will decrease in the coming days. Percent R is at 37.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
