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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
TickerChirp
30 Aug 14 03:46:04
Leading Tweets Relevant to $GRPN (GROUPON INC symbol GRPN) on 08/30/2014 http://t.co/DYTGQYDFwe
Biz News Pioneer
30 Aug 14 03:22:40
$GRPN: Why Groupon's Turnaround Looks Like A Pipe Dream (GRPN) http://t.co/vA2i9IRKMo http://t.co/N1RUkWM2K8
12Stocks.com
30 Aug 14 03:03:47
Weekly MidCap #Stocks Trend $UTHR $SPLK $VEEV $BKW $SM $FEYE $SIG $GRPN $MDVN $AVGO $NBR $XEC $DATA $CXO $CLR @ http://t.co/tf79gD96D3
12Stocks.com
30 Aug 14 03:03:28
Weekly MidCap #Stocks Performance $UTHR $SPLK $VEEV $BKW $SM $FEYE $SIG $DSW $BRCD $GRPN $MDVN $AVGO $NBR more@ http://t.co/tf79gD96D3
Cody Willard
30 Aug 14 01:11:46
RT @faminvestor: Fact of the Day: The iPad by itself generates more revenue than $YHOO, $FB, $LNKD, $TWTR, $GRPN & $TSLA combined. @scutify…
bramha
30 Aug 14 00:58:42
RT @faminvestor: Fact of the Day: The iPad by itself generates more revenue than $YHOO, $FB, $LNKD, $TWTR, $GRPN & $TSLA combined. @scutify…
Stock Signaling
29 Aug 14 21:01:35
Movers and Shakers: Making Range Advances: $OWW $TTWO $IVAN $DATA $KOG $UTHR $ASTI $SFUN $IAG $GRPN $FCEL $VIV $AVGO $XRX $ECYT #daytrader
Carolyn B Miciano
29 Aug 14 19:24:45
Deep insights into probability in Options trading http://t.co/xfyX4o4Osh $INTC $EBAY $GRPN
Carolyn B Miciano
29 Aug 14 19:03:19
Setup considertaions for a Straddle trade http://t.co/ecJkEbpeto $INTC $EBAY $GRPN
ⓢ
29 Aug 14 18:55:08
$GRPN http://t.co/6XzuWKxEt0
Biz Headlines
29 Aug 14 18:22:41
$GRPN: Options Check-Up: Tesla Motors Inc (TSLA), Groupon Inc, and DryShips Inc. http://t.co/LCK4dmLHg2 http://t.co/xFUtcgYIGV
Stock Signaling
29 Aug 14 18:01:33
Movers and Shakers: $GRPN $FCEL $ECYT $SPLK $RFMD $TWTR $MNK $TKMR $PEIX $FEYE $LIVE $CIEN $AMBA $GALE $HERO http://t.co/Vtx6dLy0Nw #stocks
Brian Bain
29 Aug 14 16:16:48
RT @faminvestor: Fact of the Day: The iPad by itself generates more revenue than $YHOO, $FB, $LNKD, $TWTR, $GRPN & $TSLA combined. @scutify…
Family Investor
29 Aug 14 16:16:32
Fact of the Day: The iPad by itself generates more revenue than $YHOO, $FB, $LNKD, $TWTR, $GRPN & $TSLA combined. @scutify @codywillard
Capps Emma
29 Aug 14 15:32:17
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Jerron Broussard
29 Aug 14 15:17:41
picked one stock from the webinar with @stt2318 & @VexTrades to watch today $GRPN Thanks again guys very awesome stuff
Carolyn B Miciano
29 Aug 14 14:54:21
Why Iron condors are the most popular Options strategy http://t.co/LSBar1HnIo $INTC $EBAY $GRPN
Market Updater
29 Aug 14 14:22:43
$GRPN: Groupon: Playing Wait-And-See (GRPN) http://t.co/UXAQNv37cJ http://t.co/h68FkpKYL6
Pzaa...Guy
29 Aug 14 14:07:42
$GRPN - TECH STOCKS: Apple Continues To Rise On IPhone Hype http://t.co/aMJTmPuzIV
StockNews
29 Aug 14 14:07:32
$GRPN - TECH STOCKS: Apple Continues To Rise On IPhone Hype http://t.co/W6O7qpeSrJ
VisualStock Resource
29 Aug 14 14:07:10
$GRPN - TECH STOCKS: Apple Continues To Rise On IPhone Hype http://t.co/qNskksFJPn
john smith
29 Aug 14 14:06:46
$GRPN - TECH STOCKS: Apple Continues To Rise On IPhone Hype http://t.co/NenfutkRMc
Carolyn B Miciano
29 Aug 14 13:43:43
Why the Bear call is called a credit spread http://t.co/35GYSQWHUt $INTC $EBAY $GRPN
DayTrading Power
29 Aug 14 13:36:37
Daytraded #stocks : $RSH $TWTR $JCP $GPRO $SPLK $GRPN $HCA $AKS $VEEV $USU $ARWR $IVAN $DGLY went 16/19 for +$722.50
Eden Zepeda
29 Aug 14 13:31:09
Groupon Shares Recover A $GRPN http://t.co/FYMpUJuvZ4
Stockaholics
29 Aug 14 12:32:19
RSII shot up over 100% today! Major Update: http://t.co/GMnQioznZp $GRPN $LEAP $DLX
Market News
29 Aug 14 12:22:50
$GRPN: What's Going On With These Three Tech Giants? – Groupon Inc (NASDAQ ... http://t.co/mfYikP3tRE http://t.co/zmwqkEnfrt
Stockaholics
29 Aug 14 12:06:42
RSII shot up over 100% today! Major Update: http://t.co/GMnQioznZp $FRCN $BRGO $GRPN
Carolyn B Miciano
29 Aug 14 11:58:57
Methodical way to trade weeklies http://t.co/MMkkKwho9T $INTC $EBAY $GRPN
Kubra Nas
29 Aug 14 11:14:33
'enough is as good as a feast' is particularly true in the context of trading $grpn #trading #stocks #musttakemyownadvice
Scott Thomas
29 Aug 14 10:39:12
$GRPN up hod was 6. 96 Good volume
BWGSTRATEGY
29 Aug 14 10:05:38
RT @craigbuj: great eCommerce panel for @BWGSTRATEGY conf on Sept 18th in NYC $BABA $GOOG $TWTR $IBM $GRPN http://t.co/zKYq22X7LP http://t.…
BUZZ Just-In
29 Aug 14 10:00:04
You may be paying much higher spreads for Social Media Stocks http://t.co/uhCJC31x41 $TWTR $LNKD $FB $GRPN $ZNGA #spreadbetting #cfd
BUZZ Just-In
29 Aug 14 09:45:04
Track curated news and tweets for multiple tickers- Social Media Stocks http://t.co/ajElRTb2Qc $TWTR $LNKD $FB $GRPN $ZNGA
Financial Updates
29 Aug 14 09:22:43
$GRPN: Groupon sales reps can't pursue overtime pay class action http://t.co/mislEcYIhf http://t.co/rjoHkVZ2N9
Stock Signaling
29 Aug 14 09:01:48
Movers and Shakers: Making Range Advances: $UTHR $ASTI $SFUN $IAG $GRPN $FCEL $VIV $AVGO $XRX $ECYT $WDAY $MRO $VEEV $CRTO $TQNT #investing
Carolyn B Miciano
29 Aug 14 08:58:16
Free guide to using oscillators http://t.co/7RSXgoGLMx $INTC $EBAY $GRPN
12Stocks.com
29 Aug 14 08:54:24
MidCap #Stocks Trend $VEEV $SPLK $AVGO $DATA $CYH $FEYE $GRPN $SSYS $TSLA $MTW $LNG $ATML $MUR $TMUS $MCHP @ http://t.co/tf79gD96D3
12Stocks.com
29 Aug 14 08:54:03
MidCap #Stocks Performance $VEEV $SPLK $AVGO $WDAY $DATA $CYH $FEYE $ARIA $GRPN $SSYS $THC $TSLA $EPE more@ http://t.co/tf79gD96D3
Wu Weed
29 Aug 14 08:53:04
$GRPN tho // #SUUUU
Becky Hiu
29 Aug 14 08:52:48
Commented on StockTwits: Yeah same here, buddy. I bought 2 $GRPN things the past 2 weeks. Eeps. http://t.co/sw9vBSe6ao
Bill Daley
29 Aug 14 08:26:13
$GRPN out at $6.9 2,500 shares for a nice gain. All my free trades used for the month ready for the weekend.
Nate Robinson
29 Aug 14 08:23:05
CNBC article on new partnership between Groupon $GRPN and Snapchat: http://t.co/y8g8is3MX3
Market Compass
29 Aug 14 08:22:40
$GRPN: Groupon's Dip and an Incorrect Call Teach an Important Lesson http://t.co/Lg2LcbhIxs http://t.co/iCgStOUg6v
Ashlyn Schumacher
29 Aug 14 08:18:58
$GRPN Meet Groupon's new dance partner: Snapchat http://t.co/gAxYw2gURp
Pzaa...Guy
29 Aug 14 08:08:06
$GRPN - TECH STOCKS: Apple Continues To Rise On IPhone Hype http://t.co/wUAg4UME3X
StockNews
29 Aug 14 08:07:56
$GRPN - TECH STOCKS: Apple Continues To Rise On IPhone Hype http://t.co/UO34xtHxE9
VisualStock Resource
29 Aug 14 08:07:40
$GRPN - TECH STOCKS: Apple Continues To Rise On IPhone Hype http://t.co/xZPsAAH1wl
john smith
29 Aug 14 08:07:26
$GRPN - TECH STOCKS: Apple Continues To Rise On IPhone Hype http://t.co/s17Dg1Az0Q
PsychSignal
29 Aug 14 08:02:13
New bearish conversation activity in $GRPN. Had been quiet for past 48 hours.
				
				
By  +Follow September 19, 2013 10:53AM
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