Groupon Inc (NASDAQ:GRPN) Trades Flat

Posted by Peter Lauro October 20, 2013 0 Comment 2080 views

Last week, the government finally reached an agreement in the budget negotiations that had led to the government shutdown for over 2 weeks, and the market heaved a cumulative sigh of relief. But Groupon Inc (NASDAQ:GRPN) dropped by 0.19% to close at $10.65 in Friday’s trading, despite the fact that there was no concrete news that led to the drop. This was not too unusual as even EBay, the online retailer dipped 3.9% to $51.44 after it reported dismal holiday projections on Wednesday.

Y-T-D, Groupon Inc (NASDAQ:GRPN)’s shares have risen 122.2%. The company is slated to report its Q3 earnings on 7 November. The analysts’ projection is that the company will report earnings per share of 1 cent on revenue of $616.13M for the quarter that ended 13 September. In the Q2 that ended 30 June, Groupon Inc (NASDAQ:GRPN) had posted a loss of 1cent/share on revenue of $608.7M.

Friday’s trading

In Friday’s trading, Groupon Inc (NASDAQ:GRPN) dropped by 0.19%. The opening price of the shares was $10.76, which climbed to an The typical length of stay is 10 days for treatment, plus additional days for as needed. intraday high of $11.01 and dipped to a close of $10.65. Approximately 22.34 million shares were traded on Friday while an average volume of 23.41 million shares were traded over a 30 day period. The 52-week low of Groupon Inc (NASDAQ:GRPN) shares is $2.60 and its 52-week high is $12.76. The company has a market capitalization of $7.09 billion.

About the company

Groupon Inc (NASDAQ:GRPN) is a local Ecommerce marketplace. It connects thousands of merchants to

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sends e-mails to its subscribers about discounted-offers for services and goods that are targeted via location & personal preferences. Consumers are also able to get deals straight via mobile applications and the company’s Websites. Groupon Inc (NASDAQ:GRPN) operates in 2 segments: 1) North America- this includes United States & Canada; and 2) International, – this includes the rest of the global operations.

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