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 $350,958 were purchased by DAVID SCHWARZBACH on Mar 17 ’25. At $35.10 per share, DAVID SCHWARZBACH acquired 10,000 shares.
Also, Schwarzbach David A sold 10,000 shares, netting a total of over 350,958 in proceeds. Following the sale of shares at $35.10 each, the insider now holds 249,112 shares.
Before that, Amara Carmen had sold 11,238 shares from its account. In a trade valued at $393,331, the Chief People Officer traded Yelp Inc shares for $35.00 each. Upon closing the transaction, the insider’s holdings decreased to 11,238 shares, worth approximately $3.83 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 4.24%. Over the course of the year, Yelp Inc shares have dropped approximately -8.42%. Shares of the company reached a 52-week high of $41.72 on 01/30/25 and a 52-week low of $33.12 on 03/04/25. A 50-day SMA is recorded $37.55, while a 200-day SMA reached $36.30.
Support And Resistance Levels for Yelp Inc (YELP)
According to the 24-hour chart, there is a support level at 35.04, which, if violated, would cause prices to drop to 34.63. In the upper region, resistance lies at 35.89. The next price resistance is at 36.33. RSI (Relative Strength Index) is 47.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.64, which suggests the price will decrease in the coming days. Percent R is at 17.44%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
