ARMOUR Residential REIT Inc (NYSE:ARR) shares dipped 1.42%, Groupon Inc (NASDAQ:GRPN)

Posted by Steve Raasch May 28, 2013 0 Comment 2087 views


ARMOUR Residential REIT, Inc (NYSE:ARR): In Friday’s trading session, ARMOUR Residential REIT, Inc (NYSE:ARR) dipped 1.42%. Its opening price of $5.63 rose to touch an intraday high of $5.65 which eventually headed down to close at $5.47 per share. Over 8.24 million shares exchanged hands in the last trading session. This number stood above the average volume of 6.33 million that was measured over a 30-day period.

ARR is a Maryland corporation that is managed by ARMOUR Residential REIT, Inc. ARMOUR Residential REIT, Inc (NYSE:ARR) largely invests in adjustable rate, hybrid adjustable rate and fixed-rate residential mortgage backed securities. These securities are either issued or guaranteed by a U.S Government-sponsored entity such as the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association. Alternatively they may be guaranteed by the Government National Mortgage Administration collectively. Intermittently, a segment of its portfolio might be invested in unsecured bonds and notes that have been issued by the U.S Government-chartered entities. As of 31 December 2012, Agency Securities account for 100percent of its portfolio.

Groupon Inc (NASDAQ:GRPN): In Friday’s trading session, Groupon Inc (NASDAQ:GRPN) gained 1.12%. Its opening price of $7.13 rose to touch an intraday high of $7.23 which eventually headed down to close at $7.09 per share. Over 8.02 million shares exchanged hands in the last trading session. This number stood below the average volume of 16.92 million that was measured over a 30-day period.

Groupon Inc (NASDAQ:GRPN) is a local online marketplace. It connects merchants to the consumers by offering services and goods at a discounted rate. Everyday, GRPN e-mails its numerous subscribers about the discounted offers. These are always targeted by personal preferences and location. Consumers can also access Groupon Inc (NASDAQ:GRPN) deals directly via its mobile applications and Websites. It operates in the North America and International segments. The former represents the U.S and Canada while the latter represents the rest of its international operations. Customers buy Groupons from the Company. These are then redeemed with the merchants. As of 30 September 2011, GRPN featured deals from more than 190,000 merchants.


About Steve Raasch

Steve Raasch is a breaking news reporter for GDP insider. During his nearly two decades of editorial experience, Steve has covered a variety of topics including small business, health, personal finance, advertising, workplace issues and consumer behavior. Steve is very passionate about his work. Steve earned a master of arts degree in international relations from the Johns Hopkins University School of Advanced International Studies in Washington.

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