Yelp Inc (NYSE:YELP) boosted to record high in around 3 weeks on speculation that a smaller model of Apple Inc’s (NASDAQ:AAPL) iPad could assist the business-review service add customers.
Shares of the company climbed 5.8% to settle at $26.16 in New York and marked the major one day gain since June 15. Yelp stock climbed 74% since its March 1 IPO.
An improved version of Apple’s software that powers the iPhone and iPad will comprise Yelp’s check-in feature to allow customers broadcast their whereabouts to friends, according to materials Apple distributed to developers that were apprised by Bloomberg previous month.
A person familiar with the matter stated prior this week stated that Apple aims to debut a smaller, cheaper iPad by the end of the year.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Martha Stewart Living Omnimedia, Inc. (NYSE:MSO) fell -1.45% to settle at $3.41, Meredith Corporation (NYSE:MDP) moved down -1.33% to end at $31.92 while Millennial Media, Inc. (NYSE:MM) jumped +2.61% to finish on Thursday at $14.13.
Yelp Inc (NYSE:YELP) last session volume of 1.56 million shares was higher than its average volume of 574,761.00 shares. The stock after opening at $24.98 hit high price of $27.74 and then closed at $26.16 by scoring +5.83%.
YELP generated revenue of 94.17 million in the following twelve months and earned -$23.94 million. The Company showed a negative -25.24% in the net profit margin and as well as in its operating margin which remained -24.54%. Company’s quarterly sales growth was +65.97%.
The YELP past twelve months price to sales ratio was 16.98 and price to cash ratio remained 12.23.
The stock showed weekly upbeat performance of +14.79% which was maintained for the month at +71.88%. Likewise the YTD performance remained at +6.43%.
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