Tesla Motors Inc (NASDAQ:TSLA) and Yelp Inc (NYSE:YELP) were among the trending tickers on Monday, according to Yahoo Finance’s Jeff Macke.
The segment, which features tickers trending worldwide as measured by Yahoo Finance searches, first featured Tesla Motors Inc (NASDAQ:TSLA). Macke noted that the increase in searches for the automobile maker in Yahoo Finance may be due to the fact that it announced on Friday that it will open-source it patents. Macke noted that the stock increased in value on Monday because of this news.
Furthermore, the excitement surrounding Tesla Motors Inc (NASDAQ:TSLA) may also be because of reports that the electric luxury cars maker is working with BMW to standardize electric charging station technology. Macke noted that reports point to executives from both firms being involved in the talks for this collaboration. He added that the biggest barrier stopping people from buying electric cars is fear that they cannot go far because they own an electric vehicle.
Meanwhile, Macke noted that Yelp Inc (NYSE:YELP) was also trending on Monday. He said that the user ratings website’s stock was down on Monday because of OpenTable Inc (NASDAQ:OPEN) buyer remorse. OpenTable was recently acquired by Priceline Group Inc (NASDAQ:PCLN) and people may have been banking that Yelp Inc (NYSE:YELP) would also be acquired soon. The company’s stock was up 14% on Friday, Macke added, before popping on Monday.
Macke also discussed Dreamworks Animation Skg Inc (NASDAQ:DWA) which he said slid on Monday because of disappointment about the performance of the movie “How To Train Your Dragon 2”.
The full video can be seen below:
David Costen Haley’s Hbk Investments is a shareholder in Tesla Motors Inc (NASDAQ:TSLA) as the firm reported 38,134 shares in the car-maker by the end of March. Another shareholder is Pdt Partners managed by Peter Muller. The firm reported 34,165 shares in the stock as of the end of the first quarter.
Meanwhile, Yelp Inc (NYSE:YELP) investors includes John Burbank’s Passport Capital which had about 1.05 million shares in the company by the end of Q1 2014. Another investor is Philippe Laffont’s Coatue Management which reported 990,055 shares in the company during the same period.
Disclosure: None
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