Yelp (NYSE:YELP) has risen sharply, recording gains of 12.93% in the past 4 weeks. However, the stock has corrected -0.36% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.14% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -14.48% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $36.08 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $27.52 and the 200 Day Moving Average price is recorded at $23.02.
The stock has recorded a 20-day Moving Average of 7.19% and the 50-Day Moving Average is 15.72%.
Yelp (NYSE:YELP): stock turned positive on Friday. Though the stock opened at $30.22, the bulls momentum made the stock top out at $30.6 level for the day. The stock recorded a low of $30.04 and closed the trading day at $30.3, in the green by 0.87%. The total traded volume for the day was 1,780,692. The stock had closed at $30.04 in the previous days trading.
In an insider trading activity, The director officer (Chief Operating Officer), of Yelp Inc, Donaker Geoffrey L had unloaded 6,000 shares at $29.07 per share in a transaction on July 6, 2016. The total value of transaction was $174,420. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Yelp Inc. (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engage directly with businesses, through reviews and its Message the Business feature. The Company has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings, tips, photos and videos. In addition to the business listing and advertising products, the Company also offers a range of features and consumer-interactive tools to facilitate transactions between consumers and the local businesses they find on Yelp.