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Groupon (GRPN) in Focus: Stock Gains 9.4% in Session

Groupon, Inc. GRPN was a big mover last session, as the company saw its shares rise more than 9% on the day.  Shares moved up after the company announced that it had received a $250 million investment from private equity company Atairos. This led to solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $3.87 to $4.76 in the past one-month time frame, showed a pick-up yesterday at $4.29.

None of the estimates for this Internet commerce stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Groupon has a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.

Investors interested in the space may also consider Stamps.com Inc. STMP, sporting a Zacks Rank #1 (Strong Buy).

Is GRPN going up? Or down? Predict to see what others think: Up or Down

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
STAMPS.COM INC (STMP): Free Stock Analysis Report
 
GROUPON INC (GRPN): Free Stock Analysis Report
 
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