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Why Yelp Is Smart to Send the Stock Lower

– 21 hours ago @ thestreet.com: Updated from 4:16 p.m. to include updated share price and news of secondary offering.NEW YORK (TheStreet) — Yelp shares fell 5.4% to $65.10 despite third-quarter revenue that beat Wall Street estimates, and the company raising 2013 revenue guidance. The company also announced it would be doing a secondary offering, as it seeks to bolster its balance sheet. The San Francisco-based online urban …

– 4 hours ago @ investorplace.com: Yelp Online review site Yelp (YELP) reported earnings Tuesday, and Yelp stock is off more than 8% in the aftermath. Part of the reason for Yelp stock’s plunge is the announcement of a secondary offering of $250 million. Yelp also posted a loss of $0.04 …

– 1 hour ago @ marketwatch.com: SAN FRANCISCO (MarketWatch) — Yelp Inc. saw its shares fall as much as 8% Wednesday as investors appeared to be more concerned about the online review and recommendation company’s plans for a $250 million stock offering than its upbeat quarterly …

– 20 hours ago @ foxbusiness.com: Yelp Inc. said Tuesday afternoon that it is commencing an offering to sell about $250 million of its common stock.

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Mystic Maggie

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