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Yelp (YELP) in Focus: Stock Moves 6.7% Higher
Yelp Inc. (YELP - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 20.4% in the past one-month time frame.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Yelp. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Yelp currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Yelp Inc. Price
Yelp Inc. Price | Yelp Inc. Quote
A better-ranked stock in the Internet - Content industry is DHI Group, Inc. (DHX - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is YELP going up? Or down? Predict to see what others think:
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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