Yelp Shares Drop Sharply

Posted by Joachim Bartels | Jul 31, 2015 | Directories, Information Professionals on the Move, Media / Publishing, United States, Yelp Inc. | 0 |

Shares of Yelp, the online business review site, dropped about 17 percent after it reported a surprise second-quarter loss. The company also said its chairman, Max Levchin, would step down from the board to pursue other interests. The shares extended losses after that announcement. Levchin, co-founder of PayPal, provided seed funding for Yelp before it filed for an initial public offering in 2011.

Yelp Inc. has dropped 49.46% during the last 3-month period . Year-to-Date the stock performance stands at -56.22%. The company shares have dropped 71.8% in the past 52 Weeks. On September 3, 2014 The shares registered one year high of $86.88 and one year low was seen on August 24, 2015 at $20.5. The 50-day moving average is $28.55 and the 200 day moving average is recorded at $41.55. S&P 500 has rallied 0.67% during the last 52-weeks.

Source: Insidertradingreport.org

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.