Cliffs Natural Resources Inc (NYSE:CLF) shares dipped 1.00%, Groupon Inc (NASDAQ:GRPN)

Posted by George Brook May 31, 2013 0 Comment 2129 views

Cliffs Natural Resources Inc (NYSE:CLF): Thursday’s trading session saw Cliffs Natural Resources Inc (NYSE:CLF) dipped 1.00%. The opening price of $18.90 climbed to an intraday high of $19.20 before settling down to close at $18.73 per share. More than 0.001 million shares exchanged hands in the last trading session, which stood below the average volume of 12.35 million that was measured over a 30 days

On 7 May, the company announced that the Board of Directors has declared a quarterly cash-dividend. This dividend had been declared on Cliffs Natural Resources Inc (NYSE:CLF)’s common-shares of $0.15/share. This cash dividend is scheduled to be payable on 3 June 2013, to shareholders who are on record as of close of business on 17 May 2013.

In addition to this, on 24 April, Cliffs Natural Resources Inc (NYSE:CLF) reported a $97.1 million profit for its Q1. This amounted to 66 cents a share. The adjusted per-share earnings dropped from 89 cents that it stood at, a year earlier, to 60 cents Revenue dropped 5.9 percent to $1.14 billion.

Groupon Inc (NASDAQ:GRPN): Thursday’s trading session saw Groupon Inc (NASDAQ:GRPN) rising by 0.81%. The opening price of $7.44 climbed to an intraday high of $7.52 before settling down to close at $7.47 per share. The average volume of 16.82 million was measured over a 30 days.

Groupon Inc (NASDAQ:GRPN) is a local e-commerce marketplace. It connects thousands of merchants to various consumers. It achieves this by offering services and goods at a discount. On a daily basis, Groupon Inc (NASDAQ:GRPN) e-mails discounted offers for services and goods to its subscribers. These offers and discounts are targeted on the basis of personal preferences and location.  Consumers can also access GRPN deals directly via its Websites and also through mobile applications. Groupon Inc (NASDAQ:GRPN)’s operating segments are: North America- this represents the U.S and Canada. The other segment is International- this represents the rest of the company’s international operations. Customers buy Groupons from GRPN. These are then redeemed by them at the affiliated merchants.

About George Brook

George Brook covers money and politics for GDP Insider. George is a veteran journalist who has also covered Congress, national political conventions and presidential politics. George also covers the White House as well as economic and domestic policy for GDP insider. George's reporting has won numerous awards, including two Scripps Howard awards, two National Headliners, two Gerald Loeb Awards, as well as honors from Sigma Delta Chi and the National Press Club.

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