logo
Plus   Neg
Share
Email

Yelp Giving Back Ground After Downgrade By Cantor Fitzgerald

Shares of Yelp (YELP) have shown a notable move to the downside during trading on Monday, slumping by 2.4 percent. With the drop, Yelp is pulling back off the two-year closing high set last Friday.

The pullback by Yelp comes after Cantor Fitzgerald downgraded its rating on the consumer review site's stock to Neutral from Overweight,

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Office sharing start-up WeWork said it will no longer serve meat at company events and also will not allow employee to expense meat. WeWork said it has made a commitment to be a meat-free organization. The company announced its meat-free policy in an internal memo to its global employees, saying that the move is intended to reduce the environmental impact of its business. Shares of Air Lease Corp. (AL) are 17% of their 52-week high of $50.7. With a diversified global customer base exceeding 90 airline customers in more than 50 countries, the commercial aircraft lessor seems well-positioned to benefit from a strong order book, robust asset base, domain expertise of the founder, consistent revenue growth, and upbeat long-term industry fundamentals. Bank of America Corp. (BAC) reported that its second-quarter earnings per share was up 43% year-over-year to $0.63. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.57 for the quarter. Analysts' estimates typically exclude special items. Net income...
RELATED NEWS
Trade YELP now with 
Follow RTT