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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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for GRPN
Capital Market Labs
29 Aug 15 16:45:27
Interactive Chart -> http://t.co/dxem1bKoqP $GRPN Revenue is Increasing. http://t.co/KK0sxuRyNW
Paul Henry
29 Aug 15 15:35:19
We Sent A SECRET New Penny Stock Pick To Our Platinum Members! Get Exclusive Special Access: http://t.co/sJCFysLuN7 $GRPN $LEAP $DLX
Michael Cook
29 Aug 15 15:24:03
After 3,000% Gains In The Past Year, We Have A Major New Pick Out! Big Update: http://t.co/QTGaTmijJY $GRPN $LEAP $DLX
ProVesting
29 Aug 15 10:58:02
$CAT $GRPN: Early Day List To Watch: Caterpillar Inc. (NYSE:CAT), Unisys …: http://t.co/3DusdgtZBy
ProTradersNews
29 Aug 15 10:50:02
$WPX $GRPN: Morning Watch List: WPX Energy, Inc. (NYSE:WPX), Groupon, Inc …: http://t.co/bsINniBQrG
Penny Stocks Blog
29 Aug 15 10:12:22
RT @stock_forums: TSS Total System Services, Inc. Yield http://t.co/a7dmrVKhPO $TSS $HYG $GRPN $AMBA #TSS #pennystocks #pennystocks
Somanath
29 Aug 15 09:59:44
Jim5011 : XCRA Xcerra Corp. Tick http://t.co/zmksx5aPOH $XCRA $GRPN $SDS $SLV #XCRA #st… http://t.co/U2tpZVMoRj) http://t.co/TtwfedXpuV
jim50
29 Aug 15 09:50:34
XCRA Xcerra Corp. Tick http://t.co/p64xV0rDbm $XCRA $GRPN $SDS $SLV #XCRA #stockmarket #finance
PolgarStocks
29 Aug 15 09:48:36
USO United States Oil Fund, LP Dividend http://t.co/1qLVJRHcpd $USO $TQQQ $GRPN $ISLE #USO #investing #stockmarket
Stock Forums
29 Aug 15 09:47:11
TSS Total System Services, Inc. Yield http://t.co/a7dmrVKhPO $TSS $HYG $GRPN $AMBA #TSS #pennystocks #pennystocks
Investors Hangout
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TAL TAL Intl Group Inc. Open http://t.co/DhHh3fAU4w $TAL $CCL/B.TO $MINE $GRPN #TAL #investing #investing
leahanne
29 Aug 15 09:40:08
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IH NASDAQ OMX
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GRPN Groupon Inc. Day Low http://t.co/oWnvBNBaoQ $GRPN $ADN.TO $QLD $F #GRPN #nasdaq #investing
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GRPN Groupon Inc. Stock Forum http://t.co/nZEjRAuBnY $GRPN $IBM $EA $T #GRPN #pennystocks #tradeideas
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CTIC Cell Therapeutics, Inc. Last Price http://t.co/1NEKDsDmLC $CTIC $RSX $SPXU $GRPN #CTIC #stockmarket #tradeideas
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CLNE Clean Energy Fuels Corp. Stock Forum http://t.co/rzBXlSg1oj $CLNE $RSX $GRPN $T #CLNE #stocks #investing
clayton
29 Aug 15 09:32:08
AAPL Apple, Inc. Ex-Div Date http://t.co/RQ6qXuy2O8 $AAPL $FXI $GRPN $APA #AAPL #invest #nasdaq
chartguy89
29 Aug 15 07:21:08
GRPN +7.48% Stock Charts $GRPN Groupon Inc. (NASDAQ) Last Updated: 08/29/2015 09:21:12 GRPN Stock Chart - 1 Mo http://t.co/1EETnKrlJF
IH News Desk
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SNDK SanDisk Corp. Bid Size http://t.co/RffxlBnaTH $SNDK $HD $QID $GRPN #SNDK #stockmarket #stock
lookn4wins
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ONE Higher One Holdings Inc. Ex-Div Date http://t.co/qI3kFtXOVY $ONE $GRPN $DRN $MVG #ONE #tradeideas #pennystocks
Stock_Tracker
29 Aug 15 02:41:34
MYEC MyECheck, Inc. Ex-Div Date http://t.co/hpO6ywNOfX $MYEC $HVU.TO $XLK $GRPN #MYEC #investing #stocks
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UPRO ProShares UltraPro S&P 500 Bid http://t.co/0kU1Rbj6Ag $UPRO $ERX $EWP $GRPN #UPRO #investing #share
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PBR Petroleo Brasileiro (Petrobras) Last Price http://t.co/1kDtN16UDT $PBR $GRPN $EWU $CSCO #PBR #investing #finance
nasdaqfan
29 Aug 15 01:38:33
GRPN Groupon Inc. EOD Data http://t.co/NmKtSsJ5gw $GRPN $BAX $FXE $AMZN #GRPN #tradeideas #tradeideas
IH NASDAQ OMX
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CDE Coeur D Alene Mines Corp. Message Board Posts http://t.co/cWyQUzEdTi $CDE $GRPN $URTY $APH #CDE #pennystocks #stock
IH NASDAQ OMX
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CDE Coeur D Alene Mines Corp. Message Board Posts http://t.co/PMRpUiiAu9 $CDE $GRPN $URTY $APH #CDE #pennystocks #stock
ProVesting
28 Aug 15 22:22:02
$GRPN: Groupon Short Interest Up 5.1% in August (GRPN): http://t.co/9UHKO12ZxR
Michael Cook
28 Aug 15 20:36:09
After 3,000% Gains In The Past Year, We Have A Major New Pick Out! Big Update: http://t.co/QTGaTmzV8y $FRCN $BRGO $GRPN
Michael James
28 Aug 15 20:35:58
Subscribers Saw A 525% Gain On $GEQU & A SECRET New Pick Is Out! See The Private Info: http://t.co/RzgF9M02nG $FRCN $BRGO $GRPN
Paul Henry
28 Aug 15 20:29:07
We Sent A SECRET New Penny Stock Pick To Our Platinum Members! Get Exclusive Special Access: http://t.co/sJCFystTVz $FRCN $BRGO $GRPN
Alisa Strategy®
28 Aug 15 19:45:30
#TRMX $GRPN ESPECULACIÓN SEMANAL ZONA DE COMPRAS: 4.21 A 4.56 TARGET ALCISTA SEMANAL: 5.30 SOPORTE REAL SEMANAL: 3.82
ur-trading
28 Aug 15 18:28:34
$GRPN @monifigueroa90 @sandraorrego5 @CanaveralJudy @FraMontoya @AlexQui65736430 @Rodinvestor @josecoca16 http://t.co/2awG6O3Lu3
ur-trading
28 Aug 15 18:18:55
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Stock Rocket
28 Aug 15 17:13:27
Our Penny Stock Alerts Gained 550% In Less Than 6 Weeks! We Have A HUGE New Pick In The Works: http://t.co/wNx8NkJOZ4 $GRPN $LEAP $DLX
Stockaholics
28 Aug 15 16:49:51
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Stock_Tracker
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XLB Materials Select Sector SPDR Volume http://t.co/Q8etJBIPA2 $XLB $GG $DIA $GRPN #XLB #stock #pennystocks
Michael James
28 Aug 15 16:48:12
Subscribers Saw A 525% Gain On $GEQU & A SECRET New Pick Is Out! See The Private Info: http://t.co/RzgF9MhDfe $GRPN $LEAP $DLX
Capital Market Labs
28 Aug 15 16:45:13
Interactive Chart -> http://t.co/dxem1bKoqP $GRPN Revenue is Rising. http://t.co/oxhJFpTiMi
Stock Dawgzz
28 Aug 15 16:43:51
Our Platinum Members Saw Stock Picks Gin Over 550% In 5 Weeks! See Our Exclusive New Pick: http://t.co/V9CRygFGCi $GRPN $LEAP $DLX
Paul Henry
28 Aug 15 16:41:55
We Sent A SECRET New Penny Stock Pick To Our Platinum Members! Get Exclusive Special Access: http://t.co/sJCFystTVz $GRPN $LEAP $DLX
StockenheimerSchmidt
28 Aug 15 16:39:42
Our Penny Stock Picks Have Been Seeing MASSIVE gains! We Have A Big New Pick Coming: http://t.co/kfHwjHzHOI $GRPN $LEAP $DLX
leahanne
28 Aug 15 16:39:33
GRPN Groupon Inc. EOD Data http://t.co/JIOUztfTOa $GRPN $PANW $CURE $DATA #GRPN #stocks #stocks
Rosner Stocks
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EWZ Brazil iShares Market Cap http://t.co/oB8hFsiXa8 $EWZ $SBUX $BIG $GRPN #EWZ #stockmarket #stocks
IH NASDAQ OMX
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ACI Arch Coal, Inc. Company Info http://t.co/HnmCf5KnQQ $ACI $INTC $PANW $GRPN #ACI #stockmarket #nasdaq
iStock Market
28 Aug 15 16:08:39
RT @newswithvalue: $ARRY $GRPN $BBBY $SUNE $WPZ: Lightning Round: It’s still too early to buy this: http://t.co/930y4wgwGp
Breaking News Now
28 Aug 15 16:07:02
$ARRY $GRPN $BBBY $SUNE $WPZ: Lightning Round: It’s still too early to buy this: http://t.co/930y4wgwGp
dailystockplays.com
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Horsheshoe Trades
28 Aug 15 13:42:51
Today's winners: $WPX $CRC $EPE $VEEV $AVP $GRPN $SM $UAL $PBYL $RDC
				
				
By  +Follow September 19, 2013 10:53AM
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