Yelp Stock Rises On Purchase Of GrubHub Rival Eat24

By | February 11, 2015

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Yelp (YELP) stock is getting a lift from its purchase of food-ordering service Eat24, a GrubHub rival. “We are bullish on the online food ordering space, and we like initiatives that help Yelp get closer to the local merchant transaction,” said Citigroup analyst Mark May in a research report. Yelp stock was near 46, up 2.5% in midday trading on the stock market today. Yelp stock hit an 18-month low of 42.10 on Monday, after the company’s Q4 Scalper1 News

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