Thursday, January 12, 2017 4:50:35 PM
Jan 12, 2017
Groupon Inc Common Stock (NASDAQ: GRPN)
Groupon was having what seemed to be a rough day in the market today. When the trading session opened, the stock was trading slightly in the red. From there, we saw steady declines on the stock, bringing it further and further into the abyss. However, minutes ago, things changed as the stock started to spike upward. Below, we'll talk about what we're seeing from GRPN, why, and what we'll be watching for ahead.
What We're Seeing From GRPN
As mentioned above Groupon was off to what seemed to be a rough day in the market today. At the opening of the trading session, the stock was trading slightly in the red. However, things got worse as the morning progressed. It seemed as though the only direction the stock knew was down! Nonetheless, minutes ago, that all changed as the stock started spiking upward in a big way. Currently (11:33), GRPN is trading at $3.61 per share after a gain of $0.11 per share (3.14%) thus far today.
Why The Stock Is Spiking Upward
As is almost always the case, our partners at Trade Ideas were the first to inform us of the gains on GRPN. As soon as they did, the CNA Finance team started digging to see exactly what was causing the movement. In this case, it didn't take long. While we didn't find any fundamental news released by the company that would lead to such gains, we did find something interesting in the social space.
At the moment, there's a big rumor circling Groupon in the world of social media. That rumor is that Alibaba is going to make a bid to take the company over. This is a long awaited move, and it makes a whole lot of sense. However, it's important to keep in mind that, at the moment, this is nothing more than a rumor. Nonetheless, it sure is getting investors excited.
What We'll Be Watching Ahead
Moving forward, the CNA Finance team will be watching GRPN incredibly closely. In particular, we're watching to see if there is any validity to the rumor. Of course, if Alibaba does indeed buy GRPN, it would be a great thing for investors. We'll keep a close eye on the story and bring the news to you as it breaks!
Recent GRPN News
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 05/10/2024 09:49:52 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 05/09/2024 09:28:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 08:09:12 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:06:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 01:26:28 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:31:17 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 08:25:29 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 06:25:33 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 04:31:26 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 02:39:12 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:57:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 10:39:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/25/2024 01:29:16 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:44:35 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 01/23/2024 09:40:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/22/2024 01:30:24 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/17/2024 09:31:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/12/2024 01:41:33 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 12/18/2023 10:28:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/21/2023 09:41:48 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 11/21/2023 09:29:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/20/2023 11:27:56 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 11/13/2023 09:41:51 PM
- Friday’s Wall Street Highlights: The Trade Desk, Unity, Groupon, Diageo, Plug Power, and more • IH Market News • 11/10/2023 03:14:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/09/2023 09:09:06 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM