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Yelp +2.4%; Citron calls selloff "a bit overdone" (updated)

Aug. 03, 2015 12:00 PM ETYelp Inc. (YELP) StockYELPBy: Eric Jhonsa, SA News Editor4 Comments
  • Citron Research on Twitter: "$YELP seems a bit overdone. Citron long $YELP vs a core short position in $Z  Stocks should meet somewhere in the middle in the next 12 mos."
  • The remarks come 5 days after YELP lost over a quarter of its value post-earnings, with 7 firms downgrading the local reviews leader on account of its soft guidance and decision to pull out of the brand ad market.
  • Previously: Citron predicts Zillow will fall below $40
  • Update (12:50PM ET): Yelp has given back its gains. Shares are now down 0.8%.

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