ARMOUR Residential REIT, Inc (NYSE:ARR) dipped by 4.86%, Groupon Inc (NASDAQ:GRPN)

Posted by sara Frank May 29, 2013 0 Comment 1738 views


ARMOUR Residential REIT, Inc (NYSE:ARR): Tuesday’s trading session saw ARMOUR Residential REIT, Inc (NYSE:ARR) dipped 4.86%. The opening price of $5.57 climbed to an intraday high of $5.60 before settling down to close at $5.10 per share. Around 21.55 million shares were traded in the last trading session, which stood above the average volume of 6.33 million that was measured over 30 days.

ARMOUR Residential REIT, Inc (NYSE:ARR) is Maryland corporation. It is managed by ARMOUR Residential REIT, Inc. The company primarily invests in fixed-rate, adjustable rate and hybrid adjustable rate residential mortgage backed securities. The securities are issued or may be guaranteed by any one of the United States’ government-sponsored entities such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation.

They may also be guaranteed by the Government National Mortgage Administration. At certain points of time, a portion of the ARR portfolio could be invested in different unsecured bonds and notes issued by the United States government-chartered entities. As of December 31, 2012, Agency Securities accounted for 100% of ARR’s portfolio.

Groupon Inc (NASDAQ:GRPN): Tuesday’s trading session saw Groupon Inc (NASDAQ:GRPN) rising by 2.50%. The opening price of $7.29 climbed to an intraday high of $7.50 before settling down to close at $7.27 per share. Around 10.20 million shares were traded in the last trading session, which stood below the average volume of 16.92 million that was measured over 30 days.

GRPN is a local, e-commerce marketplace. Its business is to connect merchants to consumers. It does this by offering various services and goods at discounted rates. On a daily basis, GRPN e-mails its various subscribers giving them information about the offers and discounts. These discounts are categorized by personal preferences as well as location. Consumers also have the option to access the company’s daily deals, straight from the website or via their mobile phones via its mobile applications.

Groupon Inc (NASDAQ:GRPN) operates in regions in North America and in international sectors. The U.S and Canada markets represent the former. Customers buy Groupons through the company. These coupons are later redeemed at the stores or merchants.


About sara Frank

Sara Frank is our chief congressional correspondent, Sara has covered the presidential campaign, Congress and congressional campaigns. Prior to that, she covered the U.S. House. Sarahas also worked covering the House, Senate and campaign finance. Among the numerous honors she has received for his reporting, Sara is the recipient of an Emmy Award from The National Academy of Television Arts and Sciences. She was also nominated four times for a national Cable Ace Award.

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