Time to give Yelp shares a positive review?

FBN's Charles Payne, retail analyst Hitha Prabhakar, Penn Financial Group founder Matt McCall, Political Prospect founder Kayleigh McEnany, FNC contributor Tamara Holder and FBN's Tracy Byrnes on the outlook for Yelp.

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Yelp Shares Headed to $102?

By Payne's Picks FOXBusiness

Let’s talk about Yelp (YELP).

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Everyone knows the company, but like all the hot stocks of the last decade, most people who use it don't own it - and most have no clue the company is publicly traded.  

This has been a tough summer from a public relations point of view. A whole lot of things went wrong for them.

I think management should do the right thing. They don’t necessarily have legal obligations to make certain changes, but I think they should be compelled to.

In the meantime, what really crushed them…64 insider sales for 5 million shares...

Let’s focus on the future though, because I think the next leg up on this thing, by the way it’s consolidating north of $80. That’s a really important thing from a technical point of view. The next leg up should take it to $120.

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It’s extremely volatile. I like it for short-term traders, I love it for long term people. It’s an Internet information provider.

DISCLOSURES

Yelp (YELP)

Owns

Family Owns

Firm Owns

Investment
Banking

CHARLES N N Y N
MATT N N N N
HITHA N N N N
TRACY N N N N
TAMARA N N N N
KAYLEIGH N N N N

 

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