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Yelp (YELP) Catches Eye: Stock Jumps 5.6%

Zacks Equity Research

Yelp Inc. YELP was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $31.77 to $34.62 in the past one-month time frame.

The stock gained on following reports that Groupon may be considering merging with the company.

The company’s Zacks Consensus Estimate for the current quarter has moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Yelp currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Yelp Inc. Price

Yelp Inc. Price

Yelp Inc. price | Yelp Inc. Quote

Investors interested in the Internet - Content industry may consider Perion Network Ltd. PERI, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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