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Technology Stocks : Groupon, Inc.
GRPN 17.94-5.1%Nov 7 9:30 AM EST

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To: Glenn Petersen who wrote (205)12/14/2011 4:03:01 PM
From: stockman_scott   of 480
 
William Blair Analysts Now Covering Groupon (GRPN) Stock

localizedusa.com

Equities research analysts at William Blair initiated coverage on shares of Groupon (NASDAQ: GRPN) in a research note issued to investors on Wednesday. They set an “outperform” rating on the stock.

Separately, analysts at Credit Suisse (NYSE: CS) initiated coverage on shares of Groupon in a research note to investors on Wednesday. They set a “neutral” rating on the stock. Analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of Groupon in a research note to investors on Wednesday. They set an “outperform” rating on the stock. Also, analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of Groupon in a research note to investors on Wednesday. They set an “overweight” rating on the stock.

Savvy consumers get their coupon on with Groupon. Tapping into the power of collective buying, the company helps businesses attract customers by offering them a unique way to save on things to eat, see, and do in more than 500 markets worldwide. In each participating city, Groupon advertises a daily deal, typically a half-off coupon for anything from a local restaurant or retail store to a hotel or spa; if enough consumers buy the coupon online by midnight, the deal is on and the featured business can achieve a nice chunk in sales. In late 2010, the company rejected a reported $5.3 billion buyout offer from Internet search giant Google. Groupon instead filed to go public in mid-2011.

Shares of Groupon traded down 8.23% during mid-day trading on Wednesday, hitting $21.40. Groupon has a 52 week low of $14.85 and a 52 week high of $31.14. The stock’s 50-day moving average is $21.76 and its 200-day moving average is $21.76. The company has a market cap of $13.65 billion.
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