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Groupon Inc. (GRPN), the company that provides customers daily deals on everything from yoga sessions, fondue restaurants, and kayak rentals, closed today almost 30% above its opening price. This increase was due to the company’s better than expected fourth-quarter earnings.
Groupon posted revenues of $917 million and earnings of -$0.02 per share, compared to our consensus figures of $841 million and -$0.05 respectively.
The company says that 85% of its business comes from its top ten markets; food, beauty, and events remain the most popular categories.
Let’s take a look at what investors were saying about Groupon’s trading day.
Michael Kudrna is rather bullish on GRPN stock:
$GRPN unless markets fall apart next week, the squeeze isn’t over. Dips likely, but shorts will look to re-position rather than press
— Mike Kudrna (@MichaelKudrna) Feb. 12 at 02:23 PM
$GRPN Downsized trade position to only profit, will look to reBuy Tuesday. Rightsized overweight LT position to normal. Risk Management move
— Mike Kudrna (@MichaelKudrna) Feb. 12 at 02:50 PM
Money Girl provided a sarcastic take on GRPN reaching its IPO price of $20 per share:
$GRPN Buckle up this is heading to it’s IPO price soon. ….hehe
— Money Girl (@MoneyGirl24) Feb. 12 at 02:00 PM
John Snow, aka long_short, is quite bearish on the company’s performance:
$GRPN no pos yet, but looking at thiz i will open a short … Increase sp on fluff, 45mill settlement, i wouldnt hold long over weekend
— John Snow (@long_short) Feb. 12 at 01:50 PM
Oklahoma Sooner fan Branon Hayesis another investor who is bullish:
$GRPN LOL @ these bears saying to short at $2.70 and $2.80. I’ll see y’all at $3.00!!!
— Branon Hayes (@soonerbull86) Feb. 12 at 01:12 PM
Ralph Borromeo provided everyone an important philosophical maxim about following rules:
$GRPN Took a 30% profit – Rule #1: Never Lose Money. Rule #2: Never Forget Rule #1 – GL to everyone!
— Ralph Borromeo (@ralphawear) Feb. 12 at 12:59 PM
And finally, Stock Market Sensei made the most profound of all statements about GRPN’s performance:
$GRPN one of the huge movers today
— Stock Market Sensei (@stockmarketsensei) Feb. 12 at 04:25 PM
Hopefully for the many investors who are bullish on Groupon, and for the company as well, can continue this trend once the market opens back up next week.
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GROUPON INC (GRPN): Free Stock Analysis Report
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