Yelp Inc. (YELP) Moves Higher on Volume Spike for December 07

Equities Staff  |

Yelp Inc. (YELP) traded on unusually high volume on Dec. 07, as the stock gained 0.52% to close at $34.59. On the day, Yelp Inc. saw 5.71 million shares trade hands on 41,513 trades. Considering that the stock averages only a daily volume of 3.28 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $52.50 and $29.33 over the last 52-weeks, its 50-day SMA is now $40.49, and its 200-day SMA $42.71. Yelp Inc. has a P/B ratio of 2.55. It also has a P/E ratio of 18.4.

Yelp Inc operates in the online content market based primarily in the United States. It provides a web-based platform and mobile application to bridge the gap between businesses and consumers. The platform assists consumers through product reviews, tips, photos and videos thereby enabling them in making better buying decisions and posting their feedbacks. It also caters to businesses in reaching out to potential customers by providing advertising space. In addition, it also lets the buyers directly transact with businesses directly through its platform. Yelp generates revenue mainly from the sale of advertising on its website and mobile app to businesses.

Headquartered in San Francisco, CA, Yelp Inc. has 5,842 employees and is currently under the leadership of CEO Jeremy Stoppelman.

For a complete fundamental analysis analysis of Yelp Inc., check out Equities.com’s Stock Valuation Analysis report for YELP.

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To get more information on Yelp Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: YELP’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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