Yelp Sees Mid-Week Increase and 4 Hot Stocks to Track
Yelp Inc’s (NYSE:YELP) early supporters apparently continue to possess a high opinion of the online business review service, which is a relief to Wall Street’s, after insiders at numerous other Internet companies dropped some of their shares at the first opportunity. A Wednesday increase of over 22 percent in Yelp’s stock price showed that the company’s major shareholders have held on to their stakes instead of seizing on a chance to reap the gains which have accumulated from investments made prior to the 8-year-old service’s going public in early March. The first selling window for Yelp’s insiders opened Wednesday with the expiration of a rule that required them to hold on to their stock for 180 days following the company’s completion of its initial public offering. Shares of Yelp Inc are trading 2.68% lower today.
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BP Prudhoe Bay Royalty Trust (NYSE:BPT) gapped open lower on Wednesday and has continued losing ground in early trade. Shares have currently fallen 10.03 at $83.43 on above average volume. BP Prudhoe Bay Royalty Trust has sharply fallen for the past week and a half and has dropped to its second consecutive new low for the year. Shares of BP Prudhoe Bay Royalty Trust are trading 16.46% higher today.
TiVo Inc. (NASDAQ:TIVO) has announced a new accessory to its DVRs allowing users watch shows on their iPad, iPhone, or iPod Touch. The TiVo Stream is able to display TiVo recordings on any networked iOS device, and is able to even transfer recordings to an iOS device so one can watch it later. Shares of TiVo Inc. are trading 3.63% lower today.
Ciena Corporation (NASDAQ:CIEN) sees its Q4 adjusted operating expense in the low $180 million range. Shares of Ciena Corporation are trading 17.58% lower today.
Microsoft (NYSE:MSFT): Following its failure to gain significant market share with tablets running on Google Inc.’s Android operating system, Samsung Electronics Co. currently bets on devices rinning Microsoft Corp.’s Windows.
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