The Twitter takeover frenzy is spreading, and it’s causing investors to overpay for Internet stocks. On Tuesday, shares of Yelp (YELP), TripAdvisor (TRIP), Expedia (EXPE), and GrubHub (GRUB) were all jumping, without any business rationale. It seems that investors are bidding up the stocks on the idea that the companies could become the next acquisition targets, after a (hoped-for) Twitter deal (TWTR).
- Investor's Business Daily•yesterday
Canaccord Genuity says the provider of food delivery services has the characteristics of a long-term winner in the consumer internet field.
Yelp Inc. (YELP)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||41.60 x 300|
|Ask||41.76 x 200|
|Day's Range||40.38 - 41.76|
|52wk Range||14.53 - 41.77|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-69.75|
|Avg Vol (3m)||2,466,035|
|Dividend & Yield||N/A (N/A)|