Yelp Stock Pops as Top Shareholder Urges Sale or Merger

The security is trading at its highest level so far this year

Digital Content Manager
May 23, 2023 at 10:01 AM
facebook X logo linkedin

The shares of Yelp Inc (NYSE:YELP) are up 9.8% at $35.69 at last check, after TCS Capital Management asked the company to explore strategic options, including a sale or merger with internet services concern Angi (ANGI). The activist investor, which is among Yelp's top shareholders, noted the stock is "shockingly undervalued" and could be sold for more than double its share price.

The equity is trading at its highest level so far this year, as it paces for its biggest single-day percentage gain since early November and consolidates above the 320-day moving average. Shares saw a series of bull gaps after pulling back to the $26 level to start off the month, and now boast an 18.9% lead in 2023.

Options traders are fiercely bullish, per YELP's 10-day call/put volume ratio of 43.27 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands higher all but 1% of from the last 12 months.

Now looks like a good time to weigh on Yelp stock with options, too, per its Schaeffer's Volatility Index (SVI) of 32%, which stands in the low 10th percentile of its annual range. This means options traders are pricing in low volatility expectations at the moment, and premiums are affordable. 




Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI