Shares of Yelp Inc (NYSE:YELP) fell $5.02 (6.6%) to close at $70.61 on Apr 3, 2014, after the Federal Trade Commission (“FTC”) revealed that it had received over 2,000 complaints about the company over the last five years. In a letter to Wall Street Journal writer Angus Loten, the FTC stated that it had received 2,046 complaints about Yelp from 2008 through March 4, 2014. The exact nature of the complaints are unknown, however some of the complaints were lodged by small business owners alleging that Yelp posts fraudulent reviews that defame their reputation after they declined to pay Yelp for sponsorship. Yelp Inc (NYSE:YELP) shares after opening at $71.04 moved to $71.62 on last trade day and at the end of the day closed at $65.76. Company price to sales ratio in past twelve months was calculated as 20.14 and price to cash ratio as 12.04. Yelp Inc (NYSE:YELP) showed a negative weekly performance of -13.97%.
Ciena Corporation (NYSE:CIEN) has been the subject of a number of recent research reports. Analysts at RBC Capital downgraded shares of Ciena from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 28th. They now have a $28.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Ciena in a research note on Wednesday, March 12th. They now have a $24.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Ciena from $23.00 to $25.00 in a research note on Friday, March 7th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.24.Ciena Corporation (NYSE:CIEN) shares fell -7.09% in last trading session and ended the day on $21.63. CIEN return on equity ratio is recorded as 61.60% and its return on assets is -3.10%. Ciena Corporation (NYSE:CIEN) yearly performance is 44.01%.
Put traders have swooped into the UA options pits as nearly 4,400 puts have crossed the tape, or more than double what’s typically seen by this point of an average trading day. Most active is the May 115 put, where a block of 1,000 contracts traded near the ask price at $6.98 per contract. Implied volatility has ticked higher and volume exceeds open interest by a notable margin. Combined, these clues suggest the in-the-money puts are being purchased to open, which data from the International Securities Exchange (ISE) confirms. The puts are a bet that UA will remain south of the 115 strike for the next several weeks. If the stock instead continues its long-term trek higher, the most on the line is the premium paid.Under Armour Inc (NYSE:UA) shares moved down -7.39% in last trading session and was closed at $104.33, while trading in range of $103.56-$114.29. Under Armour Inc (NYSE:UA) year to date performance is 19.51%.
LinkedIn Corp (NYSE:LNKD) CEO Jeff Weiner unloaded 32,375 shares of LinkedIn Corp stock on the open market in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $185.47, for a total value of $6,004,591.25. Following the sale, the chief executive officer now directly owns 218,162 shares in the company, valued at approximately $40,462,506. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.LinkedIn Corp (NYSE:LNKD) weekly performance is -12.99%. On last trading day company shares ended up $165.83. LinkedIn Corp (NYSE:LNKD) distance from 50-day simple moving average is -17.47%. Analysts mean target price for the company is $252.71.
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