Yelp rallies following PT hike

Retail analyst Dana Telsey (head of research firm Telsey Advisory Group) has hiked her Yelp (YELP +5.2%) to a Street-high $95.

Shares of the local reviews leader have jumped above $70 in response. They're now within striking distance of their all-time high of $75.37 (set in October).

Short-covering could be contributing to today's gains. 14.6% of Yelp's float was shorted as of Dec. 13.

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Comments (5)
  • musicmaker
    , contributor
    Comments (503) | Send Message
    has anyone clicked on a place on FB lately? seems like they are directly competing w/ YELP now. I wouldn't want to be competing w/ FB. Much stronger position w/ users.
    6 Jan 2014, 02:43 PM Reply Like
  • appliance
    , contributor
    Comments (41) | Send Message
    The demographic of facebook is aging. I bet on yelp because I asked myself - What does America love most? I came up with Kate Upton and complaining endlessly. Yelp is a public offering so my choice was made.
    9 Jan 2014, 03:25 PM Reply Like
  • Titan101402
    , contributor
    Comments (85) | Send Message
    I am amazed that a company built on a pay to play format continues to thrive. It is just a matter of time that this company crumbles.
    6 Jan 2014, 03:22 PM Reply Like
  • nelson7575
    , contributor
    Comments (3) | Send Message
    Local rating and seeing product, shall be yelp.
    8 Jan 2014, 08:58 AM Reply Like
  • Suheen
    , contributor
    Comment (1) | Send Message
    I always yelp restaurants and businesses before I go there.
    9 Jan 2014, 11:58 AM Reply Like
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