Will One Groupon, One meal benefit Groupon Inc (NASDAQ:GRPN)

Posted by Chris Bell September 24, 2013 0 Comment 1888 views

Groupon Inc (NASDAQ:GRPN) is an online market place and City Harvest is the first food-rescue organization in the world. They are now in a joint venture and are presenting a campaign called One Groupon, One Meal. This campaign was launched on 23 September and will run right through to 29 September.

The meal deal

This is how the campaign works- Whenever a Groupon is purchased from the drink and food offerings in Long Island, New York City or Westchester County, City Harvest will receive a donation from Groupon Inc (NASDAQ:GRPN), that is equivalent to the cost of one meal. Alongside this campaign, the company is also offering a deal for the VIP attendance to an event that is to be held at the Metropolitan Pavilion. The event organized by City Harvest is called Bid Against Hunger and is to be held on 22 October.

Monday’s trading

In Monday’s trading session, Groupon Inc (NASDAQ:GRPN) stock dipped by 5.58%. The opening price of the shares was $12.19 which rose to an intraday high of $12.21 and dropped to a close of $11.94. Approximately 32.72 million shares were traded on Monday. An average volume of 18.89 million shares were traded over a period of 30 days. The 52-week high of the shares is $2.60 and the 52-week low is $12.76. The company has a market capitalization of $7.97 billion.

About the company

Groupon Inc (NASDAQ:GRPN) is a local online marketplace that successfully connects merchants to thousands of consumers. It offers services and goods at discounted rates and on daily deals. The company sends out emails to its subscribers on a daily basis, giving them information about all the services and goods that are discounted for the day. These emails are sent based on customer preference and location.

About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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