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There's no guarantee the move will last, but Yelp (YELP +8%) is up sharply in early trading on...

There's no guarantee the move will last, but Yelp (YELP +8%) is up sharply in early trading on the day of its giant lockup expiration. Shares had been hammered in the weeks leading up to the expiration, and 21.8% of Yelp's float was shorted as of Aug. 15.
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Comments (2)
  • The Analyst Hub
    , contributor
    Comments (61) | Send Message
     
    Here's why its up http://bit.ly/PQfjEG
    29 Aug 2012, 09:49 AM Reply Like
  • phildevoyd
    , contributor
    Comments (153) | Send Message
     
    It sounds like there are shares being delivered to flatten the short positions.
    29 Aug 2012, 09:49 AM Reply Like
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