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Stock Market & Financial Investment News

News Breaks
March 24, 2014
05:59 EDTYELPYelp price target raised to $100 from $87 at Jefferies
Jefferies raised its price target for Yelp shares to $100 saying the company's strategic arrangement with YP could prove "very smart" for both companies. The firm keeps a Buy rating on the stock.
News For YELP From The Last 14 Days
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July 6, 2015
15:32 EDTYELPYelp July volatility elevated
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11:41 EDTYELPStocks with call strike movement; YELP ASHR
Yelp (YELP) November 20 call option implied volatility increased 3% to 52, X-trackers Harvest CSI 300 (ASHR) October 51 call option implied volatility increased 5% to 51 according to IVolatility.
10:34 EDTYELPAnalysts differ on Yelp after company said to halt sale process
The shares of Yelp (YELP) have fallen in each of the last two sessions after Bloomberg reported that its CEO had decided not to sell the company at this time. Two research firms were upbeat on the stock after the pullback, but Piper Jaffray's well-known analyst, Gene Munster, was cautious on the stock's near-term outlook. WHAT'S NEW: Last Thursday afternoon, Bloomberg reported that Yelp's CEO and founder Jeremy Stoppelman had decided not to sell the company in the near-term. Stoppelman's decision came after Goldman Sachs, which had been hired by Yelp to find potential buyers of the company, identified several interested suitors, the news service stated. BULLISH TAKE: Yelp's stock is significantly undervalued and investors should buy the shares, wrote Brean Capital analyst Tom Forte in a note to investors today. Noting that Bloomberg reported multiple potential suitors for Yelp had been found, Forte contended that many Alibaba (BABA), Amazon.com (AMZN), Facebook (FB), Google (GOOG), Groupon (GRPN), Microsoft (MSFT), Priceline (PCLN), Rakuten, and Yahoo! (YHOO) are all potential acquirers. Moreover, Stoppelman and Yelp's other board members probably decided not to sell Yelp because they believe that it is worth more than the stock indicates, according to Forte, who added that this stance indicates that the company's business has held up well recently. He kept a $58 price target and Buy rating on Yelp. Similarly, SunTrust analyst Robert Peck believes that many companies could still look to buy Yelp. Moreover, the company's valuation is "paltry" versus its peers, while Stoppelman's willingness to consider selling the company should support the stock, the analyst stated. Although Yelp is facing some challenges, its valuation already implies that consensus 2016 estimates for the company will drop by 10%-20%, according to Peck, who kept a Buy rating on the shares. BEARISH TAKE: In the wake of Bloomberg's report, Piper Jaffray analyst Gene Munster said he believes investors will conclude that Yelp was unable to sell itself. Additionally, comScore data for June indicates that Yelp's unique user metrics for the quarter will be disappointing, the analyst stated. However, he predicted that the company's user growth would reaccelerate in the fall, causing investor sentiment to rebound. Although Munster is upbeat on Yelp's long-term outlook, he cut his price target on the name to $40 from $46 and kept a Neutral rating on the stock. PRICE ACTION: In morning trading, Yelp fell 1.4% to $37.65. That follows the 10% decline the stock suffered on Thursday in its last day of trading prior to the long holiday weekend.
07:24 EDTYELPYelp remains potential takeover target says SunTrust
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06:03 EDTYELPBrean recommends buying shares of Yelp after selloff
Brean Capital analyst Tom Forte believes shares of Yelp are worth "a lot more than current levels" with or without a company sale. He recommends buying the name after Bloomberg reported Thursday that the company had called off its sale process. He points out the article noted that Yelp had multiple interested buyers. Forte's list of potential buyers for Yelp include Alibaba (BABA), Amazon.com (AMZN), Facebook (FB), Google (GOOG), Groupon (GRPN), Microsoft (MSFT), Priceline (PCLN), Rakuten, and Yahoo! (YHOO). Yelp operates the largest crowd-sourced local business directory globally, the analyst tells investors this morning in a research note. Forte keeps a Buy rating on the stock with a $58 price target. Shares closed Thursday down $4.23 to $38.20.
05:56 EDTYELPYelp price target lowered to $40 from $46 at Piper Jaffray
Piper Jaffray analyst Gene Munster lowered his price target for shares of Yelp to $40 saying the company is still one quarter away from fundamentals stabilizing. Further, Munster believes investors will reduce the takeout premium in the stock after Bloomberg reported Thursday that Yelp had called off its sale process. He keeps a Neutral rating on the shares. The online local businesses platform closed Thursday down $4.23 to $38.20.
July 2, 2015
16:28 EDTYELPOn The Fly: Top stock stories for Thursday
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16:04 EDTYELPOptions Update; July 2, 2015
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13:32 EDTYELPYelp CEO halts search for potential buyer, Bloomberg reports
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13:03 EDTYELPYelp options active on report CEO decides against finding buyer for now
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13:02 EDTYELPYelp continues lower after halt lifted, levels to watch
The shares have broken below the prior 52-week low and continue to head low. Support is at $37.20. Below that level next support is at $35.61. Resistance is at $37.91, the prior 52-week low.
12:58 EDTYELPYelp trading resumes, shares down 10% to $38.03
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12:55 EDTYELPYelp plunges as CEO decides against sale
The stock is down 8% to $39.05 at time of writing after Bloomberg reported the company's CEO decided against a sale of the company at this time. At current price next support is at $37.91, the 52-week low. Resistance is at $39.71.
12:54 EDTYELPYelp halted for volatility after dropping 8% to $39.05
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12:52 EDTYELPYelp CEO decides against finding buyer for now, Bloomberg says
07:45 EDTYELPYelp August volatility elevated
Yelp July weekly call option implied volatility is at 68, July is at 62, August is at 79; compared to its 52-week range of 38 to 81, suggesting large August price movement.
05:50 EDTYELPStocks with implied volatility movement; PBR YELP
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June 30, 2015
06:02 EDTYELPStocks with implied volatility above IV index mean; YELP XOMA
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June 29, 2015
06:00 EDTYELPStocks with implied volatility above IV index mean; YELP NBG
Stocks with implied volatility above IV index mean; Yelp (YELP) 76, National Bank of Greece (NBG) 221 according to iVolatility.
June 25, 2015
05:57 EDTYELPStocks with implied volatility above IV index mean; XOMA YELP
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