Groupon Incorporation (NASDAQ:GRPN) stock trading high


Dallas, Texas 08/06/2013 (Financialstrend) During the closure of the last trading session, the stock of Groupon Inc (NASDAQ:GRPN) was + 0.08% up with the total number of 5,481,125 shares being traded. This hike in the price of the stock was noted following the rise of the price objective over the stock of Groupon Inc from $ 6 to $ 8 by the Evercore. The stock of Groupon Inc was upgraded by Evercore from ‘Underweight’ rating to ‘Equal Weight’ rating. At present, the stock of Groupon Inc is + 242.69% above the stock’s lowest price during the period of 52 weeks. This has made the Growing Stock Report to include the company’s stock into the NASDAQ Gainers Watch List.

It is anticipated by the Wall Street that Groupon Inc would be earning $ 0.02 during the quarter. Further, iStock anticipates that the local deals company will be meeting the expectations of Wall Street. Hence, the estimate of iStock over Groupon Inc also is $ 0.02. Groupon Inc is planning to conduct a conference call in order to discuss the financial results of second quarter 2013.

During the past 90 days, the consensus estimates over the stock of Groupon Inc have decreased from $0.05 to the present consensus. The shares of the company were being under the assault for most of the limited public life of Groupon Inc which were found decreasing from the initial print value of $ 28 existed during November of the year 2011 to the low value of $ 2.60 during a year later.

During last week, the bulls seemed to favor Groupon Inc by 3.5 to 1 among the options’ pit. The bulk volume along with the open interest set Groupon Inc with the post earnings per share price range over the values between $ 9.08 and $ 9.57. Looking forward, the management of Groupon Inc is in the midst of the opening the e-commerce warehouse for the purpose of the business of goods wholesale merchandise.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.