Linn Energy LLC (NASDAQ:LINE) falls by 5.21%, Groupon Inc (NASDAQ:GRPN)

Posted by Kristi Scott May 7, 2013 0 Comment 2268 views


Miami, FL 05/07/2013 (GDPInsider) – Linn Energy LLC (NASDAQ:LINE): In Monday’s trading session, shares of Linn Energy LLC (NASDAQ:LINE) dropped by 5.21%. The opening price of the shares was $35.26 which touched an intraday high of $35.75 before dipping to $34.26 per share. Over 17.77M shares were traded in Monday’s trading session which was strikingly higher than the average volume of 1.46M that was measured over a period of 30 days.

Linn Energy LLC (NASDAQ:LINE) is an independently-run oil and natural gas company. The company has numerous properties across the United States, largely in the mid-continent, Michigan, Permian Basin, Williston Basin and California. The Mid-continent is inclusive of the Deep Granite Wash formation in Texas Panhandle and the Brown Dolomite formation Texas Panhandle. The shallow formations in Illinois, Oklahoma and Louisiana are included as well.  The Permian Basin includes various areas in Southeast New Mexico and West Texas. The Antrim formation is included in the Northern region of Michigan State. The Brea Olinda Field which is part of the Los Angeles Basin is included in California.

Is LINE a solid investment at these levels? Get valuable updates and exclusive insights here.

Groupon Inc (NASDAQ:GRPN): In Monday’s trading session, there was a drop of 6.51% in Groupon Inc (NASDAQ:GRPN). The opening price of the shares was $5.88 which touched an intraday price of $5.89 before dropping to $5.53. Over 30.57M shares were traded in Monday’s trading session which was a dramatic increase from the average volume of 12.97 million that was measured over a period of 30 days.

Groupon Inc (NASDAQ:GRPN) is most well-known group discounter in the world but has been going through a spate of bad times. One more of the company’s executives, Faisal Masud who used to manage Groupon’s e-commerce business, have decided to move out of the company. Post this news there was a marked drop in the company’s shares.

Groupon’s coming earnings report is expected post the trading day on Wednesday May 8. By the looks of today’s market moves, this does look like an attractive proposition to traders. The company has lost over 14% of its value over the past five days which is definitely a negative sign for the company. The post earnings’s trading is definitely something that will be worth a watch.

How Should Investors Trade GRPN Now? Get the latest trends and data here.

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About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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