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New All time Highs for Yelp

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March 29, 2012 (Chinavestor)  Yelp Inc (NYSE:YELP) is trading at new all time highs this morning and is currently sitting at $27.65. Yelp  Inc (NYSE:YELP) is a restaurant review site that generates most of its revenue from advertisements and sponsored searches. They recently opened a new apparel store, however it only makes up for less than $5 annual revenue.

 

The big money will come from Yelp offering deals similar to Groupon Inc (NASDAQ:GRPN) currently trading at $17.76, which is 63% of it’s IPO price.

As the social media market explodes, Yelp Inc (NYSE:YELP) is definitely a stock to keep your eye on.

Check out this chart of Yelp making new all time highs.

yelp3-27-12

 

 



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