Yelp Trades Near 52-Week Low: Is it the Right Time to Buy the Stock?
Yelp(YELP) ZACKS·2024-09-30 21:15
Yelp Inc. (YELP) , a well-known online platform connecting consumers with local businesses, has seen its share price plunge 26.2% year to date (YTD). It has significantly underperformed both the broader tech sector and the S&P 500, which have shown gains despite global economic concerns.At the closing price of $34.91 on Sept. 27, Yelp currently trades near its 52-week low of $32.56 and nearly 29% lower than its 52-week high of $48.99. The stock’s underperformance can largely be attributed to growing global ...