Yelp Inc YELP will move, up or down, about 11 percent based on recent options trading activity, a strategist told Benzinga Wednesday.
JJ Kinahan, chief strategist for TD Ameritrade, noted that the San Francisco-based consumer review company's shares are off more than 3 percent during the past three months.
Wall Street expects Yelp to post first-quarter adjusted earnings after the bell Wednesday of $0.01 a share, compared with a year-earlier loss of $0.04.
Analysts on average have forecast that Yelp's first-quarter revenue will grow 57 percent to $120 million.
"They really don't trade money options at all," Kinahan said. "From an options point of view there's nothing outstandingly interesting one way or the other."
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.