Groupon, Inc. (GRPN - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 19.1% in the past one-month time frame.
The move came after the company reported better than expected first-quarter 2018 results.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Groupon currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Internet - Commerce industry is Amazon.com, Inc. (AMZN - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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