Embattled daily deals site Groupon Inc. (NASDAQ: GRPN), whose shares have been under immense pressure due to slowing growth rate and flagging revenue from international markets, received a tremendous boost last week after globally renowned “value investor”, Bill Miller gave the Company surprising endorsement.
Continue reading Bill Miller Backs Groupon and Apple’s Stock (GRPN, AAPL)
Shares of Bank of America Corp. (NYSE: BAC) gained on Friday after the bank said that the Federal Reserve agreed on its proposed capital actions. The bank said that it would now repurchase about $5 billion worth of its common stock and buyback around $5.5 billion worth preferred stock.
Continue reading Major Movers on March 15; BAC, GRPN, MCP, KKD, ARO
Daily deals site, Groupon Inc. (NASDAQ: GRPN) disappointed investors yet again as lower margins and rising sales and marketing costs in company’s new Groupon Goods business and decline in revenue from international markets weighed on the financials, prompting the Company to provide lower than expected revenue guidance on the current quarter.
Continue reading Groupon Shares Plunge after Q4 Results (GRPN)
Shares of Groupon Inc. (NASDAQ: GRPN) rallied on Wednesday after Sterne Agee upgraded the daily deal site’s stock to “buy” from “neutral” and set a price target of $9, citing belief in the company’s ability to expand its efforts especially in overseas markets along with mobile computing amid easing competition and attractive valuation.
Continue reading Groupon Rallies After Sterne Agee Upgrade (GRPN)
In an effort to provide comprehensive analytics on sales and customers, daily deal site Groupon Inc. (NASDAQ: GRPN), launched a new tool on Wednesday, dubbed as Merchant Impact Report. Nonetheless, the latest development failed to lift shareholders’ faith on the beleaguered company. Shares slumped 3.82% on Wednesday.
Continue reading Groupon Launches Analytics Tool for Merchants (GRPN)
Professional networking site, LinkedIn Corporation (NYSE: LNDK) reported on Wednesday that it now has 200 million registered users worldwide (200 countries and territories), underscoring Company’s consistently growing user base even as number of other social websites grapple with slowing growth.
Continue reading LinkedIn Hit 200 Million Members Mark (LNKD)
Shares of Cepheid (NASDAQ: CPHD), a molecular diagnostics company engaged in the development, manufacturing and marketing of integrated systems for testing in the Clinical market, are soaring in early trading today.
Continue reading Major Movers on December 28; CPHD, AMD, HCA, GRPN, ARNA, FB, BAC, RIMM
The board of directors of daily deals site Groupon Inc. (NASDAQ: GRPN) is expected to hold a meeting on Thursday and discuss whether the company should looking out for a new CEO.
Continue reading Groupon’s Board Meeting On Thursday to Decide CEO’s Fate (GRPN)
Shares of daily deals site Groupon Inc. (NASDAQ: GRPN) rallied in trading today after New York City-based hedge fund Tiger Global Management LLC disclosed in a filing that it acquired a 9.9% stake in the Chicago-based company.
Continue reading Groupon Shares Rally After Hedge Fund Acquires 9.9% Stake (GRPN)
Shares of daily deals site, Groupon Inc. (NASDAQ: GRPN) slumped over 17 percent in premarket trading on Friday after it announced slower growth rate in the fiscal-third quarter mainly due to lackluster performance in the European market.
Continue reading Groupon Shares Tumble on Quarterly Results (GRPN)