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Groupon Stock Price Bounces on Upgrade

By  +Follow September 19, 2013 10:53AM
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Online deal website Groupon (GRPN) was up over 4 percent on premarket trading and kept that momentum, with gains approaching 9 percent by early afternoon. The spike can most likely be attributed to a recent upgrade from analysts at Stifel Financial Corp. ($SF) who upgraded the stock from Hold to Buy.

Analyst Upgrade Drives Gains

Stifel cited three primary reasons for their upgrade for their newfound optimism: accelerated growth at core “local” businesses in the United Kingdom with other European markets holding steady, the company’s status as a leader in mobile commerce and its “continued shift of usage toward app-based e-commerce,” and improved margins with more efficient operations under co-founder and CEO Eric Lefkosky’s management team.

Groupon buys SideTour

The upgrade comes on the heels of news on Sept. 18 that Groupon would be acquiring New York-based travel daily deals site SideTour. SideTour was built around enabling small groups of people to purchase tickets to local cultural events, helping them explore their city. Details of the deal were not disclosed, but co-founder and CEO of SideTour Vipin Goyal said that the deal would allow his company to “reach so many more people than we ever could on our own.” This was the second such acquisition for Groupon in the last two weeks as it announced the purchase of European travel website Blink on September 9.

Stock Market News Improving for Groupon since Mason Ouster

Anyone who’s held Groupon’s stock since the company’s IPO almost two years ago might want to title their wild ride “How Not Green Was My Valley.” After debuting in November of 2011 at a price of $26.11 a share, the stock cratered as questions about co-founder and CEO Andrew Mason’s leadership swirled for months. After a year of public trading, Groupon had lost over 85 percent of its value and was trading for under $5 a share.

However, since Mason was fired in February of this year, the stock’s rallied with vigor. Today’s pop is part of a run that’s seen the stock price jump almost 180 percent since the start of March.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for GRPN
Edward Graham
28 Feb 15 10:29:32
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28 Feb 15 09:29:28
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28 Feb 15 03:55:38
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HotKeyTrading
28 Feb 15 03:00:03
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Breaking News Now
27 Feb 15 23:26:02
$GRPN: Groupon Sees Large Decrease in Short Interest (GRPN): http://t.co/eNTLJ8HaNB
Sleek Money
27 Feb 15 23:20:44
Groupon Sees Large Decrease in Short Interest $GRPN http://t.co/adv6BpOB0T
Dakota Financial
27 Feb 15 22:02:53
Groupon Short Interest Down 1.4% in February $GRPN http://t.co/PCPdZ3IUH5
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dailystockplays.com
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danrocks
27 Feb 15 12:22:57
Right now GRPN is number 246 for the largest percentage gain out of 250 stocks. $GRPN GRPN is up +0.98% in the http://t.co/53AwYxZSPF
danrocks
27 Feb 15 12:22:34
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Mike Kudrna
27 Feb 15 11:53:56
Entered into a trade in $GRPN with plenty of room to build. Looking for a 3-6 month timeframe. Business is being monetized more
Stock Rocket
27 Feb 15 11:31:17
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Cutlass
27 Feb 15 11:30:06
BLOCK TRADE: $GRPN 255,102 shares @ $8.22 [14:20:35]
DailyStockPicks
27 Feb 15 11:24:11
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BlockTradeAlert
27 Feb 15 11:20:35
BLOCK TRADE: $GRPN 255,102 shares @ $8.22 [14:20:35]
Wall Street
27 Feb 15 10:58:01
http://t.co/iQWRYq6dIh will not help you lose weight...but it will help you make money trading. Enjoy! $GRPN $ARCP $HEMP
Carolyn B Miciano
27 Feb 15 10:52:50
Why conditional orders are great for busy traders http://t.co/l5BOj6kZvC $INTC $EBAY $GRPN
Trader News Daily
27 Feb 15 10:41:54
Wow http://t.co/PeRPkYu8Uk just posted last weeks results. +429%. Crazy. They offer a free trial too. $SAN $GRPN $BLTA $ARCP $ALU
leahanne
27 Feb 15 10:25:51
Volume Alert - GRPN 8.33 Groupon Inc $GRPN Hit a high today of 8.34 Closing the day 10:30 at 8.33 +0.03 +0.36% http://t.co/DOTnuEIhSb
leahanne
27 Feb 15 10:25:29
$GRPN Volume Alert - GRPN Stock 8.33 Groupon Inc $GRPN Hit a high today of 8.34 Closing the day 10:30 at 8.33 +0.03 http://t.co/oAZSqTfF1H
ProTradersNews
27 Feb 15 10:11:04
$GGB $GRPN: Penny Stocks Alert - Gerdau (GGB), Groupon (GRPN), ON ...: http://t.co/5xLfaFijzE
Sleek Money
27 Feb 15 10:04:20
Sterne Agee Reiterates “$12.00″ Price Target for Groupon $GRPN http://t.co/Oi6FziHn1m
Stock Rocket
27 Feb 15 09:53:43
Our Penny Stock Picks Gained Over 342% In 2 weeks! Get Our Next Alerts Early: http://t.co/WWiSMpV7jj $FRCN $BRGO $GRPN
Carolyn B Miciano
27 Feb 15 09:35:17
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FinBUZZ Just-IN
27 Feb 15 09:34:15
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Carolyn B Miciano
27 Feb 15 08:35:55
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ATX Progress
27 Feb 15 08:25:03
When is the last time you heard someone mention a Groupon? $GRPN
StockNewsWires
27 Feb 15 06:56:04
$GRPN: Hot Runners: Groupon (NASDAQ:GRPN), Discovery Laboratories ...: http://t.co/17tfVYMK8l
desu
27 Feb 15 06:19:32
RT @InvestWall: Top Analyst Upgrades and Downgrades http://t.co/lgqbi1mx6N $AB $AXP $CVC $CHK $DIN $EXPE $GRPN #InvestWall
Tom elio
27 Feb 15 06:16:37
RT @PoorGalRichGal: $GRPN approaching 8.43 resistance. If breaks/holds, 8.6/8.9+ are targets. I have a march spread on this.
Shan Shan Xie
27 Feb 15 06:14:32
$GRPN approaching 8.43 resistance. If breaks/holds, 8.6/8.9+ are targets. I have a march spread on this.
Trader Mike
27 Feb 15 05:57:45
$GRPN holding some $8.50 calls. Quite a few buyers of that strike expiring next Friday. One to keep an eye on
Cutlass
27 Feb 15 05:45:53
RT @OptionsFlux: $GRPN Mar. 06, 2015 CALL 8.50 : +14.921 contracts add to OI
OptionsFlux
27 Feb 15 05:31:48
$GRPN Mar. 06, 2015 CALL 8.50 : +14.921 contracts add to OI
Carolyn B Miciano
27 Feb 15 05:28:48
Studying probability and the Option greeks http://t.co/ENVwjejDVs $INTC $EBAY $GRPN
Nicole Augenti, Esq.
27 Feb 15 04:52:45
Look at $GRPN - finally about to make a new 52-week high.
Pennies Making Cents
27 Feb 15 04:50:22
RT Toohightoolo: $GRPN had unusual $8.50 Calls 3/7/15 volume on 2/26/15. An important resistance was tested as well. http://t.co/gZsMIoJ0bZ
High Lo
27 Feb 15 04:48:23
$GRPN had unusual $8.50 Calls 3/7/15 volume on 2/26/15. An important resistance was tested as well. http://t.co/1u5cIgPB56
Sheldon McIntyre
27 Feb 15 04:47:43
Select long ideas. $AFSI $ALNY $CUBI $CUDA $GRPN $KMX $LOGM $MANH $SCMP $VRNT
BreakingStocksNews
27 Feb 15 04:46:07
$GRPN: Stocks in a bullish Hug - Groupon (GRPN), Micron Technology (MU ...: http://t.co/I4TDaztywp
Streetfield
27 Feb 15 03:30:06
Anti-social. $GRPN down 2% and it, like $FB, has hit a new all-time low. $ZNGA down more than 4% and pennies away from new low. Blech.
Carolyn B Miciano
27 Feb 15 03:11:51
Get the most from weeklies http://t.co/QQ4hBXlqBf $INTC $EBAY $GRPN
Breaking News
27 Feb 15 03:01:03
$GRPN: Short Interest in Groupon Decreases By 1.4% (GRPN): http://t.co/uBXHHCFb6J
				
				
By  +Follow September 19, 2013 10:53AM
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