Groupon (GRPN) : Traders are bullish on Groupon (GRPN) as it has outperformed the S&P 500 by a wide margin of 63.29% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 17.55%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 18.05% in the last 1 week, and is up 67.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Groupon (NASDAQ:GRPN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.49 and $5.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.69, notching a gain of 4.79% for the day. The total traded volume was 18,412,201 . The stock had closed at $5.43 on the previous day.
The stock has recorded a 20-day Moving Average of 39.03% and the 50-Day Moving Average is 56.47%. Groupon, Inc. is up 72.95% in the last 3-month period. Year-to-Date the stock performance stands at 85.34%.
Groupon (GRPN) : The consensus price target for Groupon (GRPN) is $4.27 for the short term with a standard deviation of $1. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $6, however, the pessimist price target for the company is $2.
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.