Yelp (YELP) Shares are Up 5.89%

Yelp (YELP) : Traders are bullish on Yelp (YELP) as it has outperformed the S&P 500 by a wide margin of 8.11% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.72%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.89% in the last 1 week, and is up 7.53% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 7.62% and the 50-Day Moving Average is 14.8%.The 200 Day SMA reached 56.14%

Yelp

Yelp (NYSE:YELP): After opening at $40.98, the stock dipped to an intraday low of $40.93 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $41.94 and the buying power remained strong till the end. The stock closed at $41.7 for the day, a gain of 1.76% for the day session. The total traded volume was 2,004,614. The stocks close on the previous trading day was $41.7.

Yelp (YELP) : The most positive equity analysts on Yelp (YELP) expects the shares to touch $46, whereas, the least positive believes that the stock will trade at $27 in the short term. The company is covered by 21 Wall Street Brokerage Firms. The average price target for shares are $38.62 with an expected fluctuation of $5.68 from the mean.

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.

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