Yelp Inc. Gets Some Help From Angie's List Bid From IAC

Yelp Inc.

shares are trading higher by $1.19 at $26.17 in Thursday's session. M&A activuity in the sector involving Angie's List

and Barry Diller's IAC

has investors banking on Yelp inc. as a potential takeover target. After a slighlyy higher open, it retreated and found support just below Wednesday's close ($24.98), reaching $24.90 before embarking on a a rally. However, it round resistance just above its August 5 high ($27.07), reaching $27.22 and retreating. The issue is lower by $28,47 or 52 percent after ending 2015 at $54.73.