Yelp Inc. (YELP) Moves Lower on Volume Spike for November 09

Equities Staff  |

Yelp Inc. (YELP) traded on unusually high volume on Nov. 09, as the stock lost 26.6% to close at $31.93. On the day, Yelp Inc. saw 25.31 million shares trade hands on 125,970 trades. Considering that the stock averages only a daily volume of 1.57 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 $36.41 over the last 52-weeks, its 50-day SMA is now $45.34, and its 200-day SMA $43.54. Yelp Inc. has a P/B ratio of 2.43. It also has a P/E ratio of 24.

Yelp Inc is a provider of online platforms to connect buyers and sellers. It generates revenue by selling advertising space to businesses mainly in the United States.

Headquartered in San Francisco, CA, Yelp Inc. has 5,400 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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All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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