Yelp (YELP) Off To A Strong Start In Pre-Market Activity

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Yelp ( YELP) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Yelp as such a stock due to the following factors:

  • YELP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $204.2 million.
  • YELP traded 10,671 shares today in the pre-market hours as of 9:15 AM.
  • YELP is up 2.6% today from yesterday's close.

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More details on YELP:

Yelp Inc. operates as an online local guide that connects people primarily with boutiques, mechanics, restaurants, and dentists. Currently there are 19 analysts that rate Yelp a buy, 1 analyst rates it a sell, and 6 rate it a hold.

The average volume for Yelp has been 6.0 million shares per day over the past 30 days. Yelp has a market cap of $4.2 billion and is part of the technology sector and internet industry. The stock has a beta of 2.82 and a short float of 22.1% with 3.40 days to cover. Shares are down 0.6% year-to-date as of the close of trading on Tuesday.

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