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Crushed earlier this week due to concerns about the impact of its Aug. 29 lockup expiration,...

Crushed earlier this week due to concerns about the impact of its Aug. 29 lockup expiration, Yelp (YELP +6.3%) is bouncing strongly today. Short-covering is a likely factor: 15.4% of the company's float was shorted as of July 31, and judging by Facebook's pre-expiration activity, more shorts may have piled in during the recent selloff.
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Comments (2)
  • tcumberford
    , contributor
    Comments (40) | Send Message
     
    This one will be interesting to watch on the 29th, to see if they can buck the trend. If they can't, there are going to be some unhappy people that are buying today.
    24 Aug 2012, 12:57 PM Reply Like
  • t117007
    , contributor
    Comment (1) | Send Message
     
    the pressure from the lockup will push yelp down until Wednesday. Take your profits and wait until after the lockup.
    26 Aug 2012, 09:36 PM Reply Like
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