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Strength Seen in Groupon (GRPN): Stock Soars 10.8%

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Groupon, Inc. (GRPN - Free Report) was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.18 to $4.75 in the past one-month time frame.

The stock was driven by rumours of a potential buyout of the company.

The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter also 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 #1 (Strong Buy), while its Earnings ESP is negative.

Groupon, Inc. Price and Consensus

Groupon, Inc. Price and Consensus | Groupon, Inc. Quote

Investors interested in the  Internet – Commerce industry may consider TripAdvisor, Inc. (TRIP - Free Report) , which also carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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