Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Yelp Inc (NYSE:YELP). The investigation focuses on whether the Company and its executives violated federal securities laws.Shares of 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%.
Investment analysts at Citigroup Inc. began coverage on shares ofFireEye (NASDAQ:FEYE) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $60.00 price target on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 9.37% from the stock’s previous close.FireEye Inc (NASDAQ:FEYE) shares fell -8.20% in last trading session and ended the day on $50.36. FEYE return on equity ratio is recorded as -38.90% and its return on assets is -22.80%.
Marketo (NASDAQ:MKTO) SVP Jason Holmes sold 6,197 shares of Marketo stock on the open market in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $34.07, for a total transaction of $211,131.79. Following the completion of the sale, the senior vice president now directly owns 27,950 shares in the company, valued at approximately $952,257. The transaction was disclosed in a legal filing with the SEC, which can be accessed throughthis link.Marketo Inc (NASDAQ:MKTO) shares moved up 0.03% in last trading session and was closed at $32.11, while trading in range of $31.13-$33.60. Marketo Inc (NASDAQ:MKTO) year to date performance is -13.38%.
China Sunergy Co Ltd (NASDAQ:CSUN) shipments are set to increase even further this year, having signed an agreement with Larsen & Toubro, headquartered in Chennai India. The company has already shipped a total of 29.5MW to Larsen & Toubro as part of the agreement awaiting to ship another and having entered into Toubro’s strategic supplier list. China Sunergy Co Ltd (NASDAQ:CSUN) weekly performance is 25.54%. On last trading day company shares ended up $5.26. China Sunergy Co Ltd (NASDAQ:CSUN) distance from 50-day simple moving average is -2.21%. Analysts mean target price for the company is $6.50.