Yelp Takes One Out Of Twitter's Playbook And Releases Earnings Q4 Earnings Intraday

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Yelp Inc.
YELP
shares are trading lower by $2.10 at $16 in Monday's session. The company accidentally released its Q4 report as opposed to after the close. Twitter Inc.
TWTR
did the same thing with it Q1 report on April 28, 2015 and the shares have never recovered from the thrashing it took in that session. Its Q4 beat of $0.14 on better revenues along with decent FY2016 guidance instigated a short-lived spike to $18.84. That was above Friday's close ($18.10), but was well shy of Friday's high ($19.45). After reversing course, it quickly dropped under $17. It has yet to make a new for the session at $15.67. The all time low for YELP stands at $14.10 that was made three months after its IPO in March 2012,
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
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