Yelp, Inc. Slumps: YELP Falls 6.6% in Session
Yelp, Inc. (YELP) saw a big move last session, as the company’s shares fell by about 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for YELP, as the stock is now down over 27% since March 7.
Although this slump was obviously disappointing, this Internet information provider has seen 1 positive revision and its current year loss consensus has narrowed over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for YELP. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
YELP currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Some better-ranked stocks in the Internet Content sector include WebMD Health Corp. (WBMD), Taomee Holdings Ltd. (TAOM) and Giant Interactive Group, Inc. (GA). Among these stocks, WebMD and Taomee hold a Zacks Rank #1 (Strong Buy) and Giant holds a Zacks Rank #2 (Buy).
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YELP INC (YELP): Free Stock Analysis Report
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