Groupon (GRPN) has risen sharply, recording gains of 48.93% in the past 4 weeks. However, the stock has corrected -3.32% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 48.36% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Groupon, Inc. is up 60.58% in the last 3-month period. Year-to-Date the stock performance stands at 80.46%. The stock has recorded a 20-day Moving Average of 7.27% and the 50-Day Moving Average is 35.72%.
Groupon (NASDAQ:GRPN): The stock opened at $5.57 on Friday but the bulls could not build on the opening and the stock topped out at $5.58 for the day. The stock traded down to $5.47 during the day, due to lack of any buying support eventually closed down at $5.54 with a loss of -1.07% for the day. The stock had closed at $5.60 on the previous day. The total traded volume was 5,462,679 shares.
Also, Brokerage firm Credit Suisse maintains its rating on Groupon (NASDAQ:GRPN). In a research note issued to the investors, the brokerage major maintains price-target of $5 per share.The shares have been rated Neutral. The rating by the firm was issued on July 28, 2016.
Groupon, Inc. operates online local commerce marketplaces world over that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, the Middle East and Africa, and international operations (Rest of World). The Company offers deals on goods and services in three categories: Local Deals (Local), Groupon Goods (Goods) and Groupon Getaways (Travel). The Companys Local category includes deals with local merchants, national merchants and local events. The Companys Goods transactions in North America are primarily direct revenue deals. Through its Getaways category, the Company features travel offers at both discounted and market rates, including hotels, airfare and package deals covering both domestic and international travel. Its deal offerings are accessed directly through its Websites, mobile applications and search engines.