Groupon (NASDAQ:GRPN) Soars to Record High on New Sales Optimism

Groupon Inc (NASDAQ:GRPN), operator of the world’s biggest daily-deals website, moved up to record high in 2 months amid optimism that its new e-commerce service may broaden to more cities, strengthening sales.

Shares of the world’s biggest daily deal company hiked 5.4% to settle at $5.58 in New York for the major boost since Dec 7.

Groupon stock plunged 72% since an IPO in November 2011, evaluated against a 21% boost for the Russell 1000 Index in the similar quarter.

The company is broadening beyond its coupon roots as some consumers and retailers cool on e-mailed reductions.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. eBay Inc (NASDAQ:EBAY) rose +0.48% to settle at $57.05, Fred’s, Inc. (NASDAQ:FRED) moved up +0.23% to end at $13.33 while United Online, Inc. (NASDAQ:UNTD) jumped +0.55% to finish at $6.35 on Wednesday.

Groupon Inc (NASDAQ:GRPN) last session’s volume of 26.74 million shares was surprisingly higher than its average volume of 11.81 million shares. The stock after opening at $5.62 hit high price of $5.71 and then closed at $5.57 by scoring +5.39%.

The liquidity measure in recent quarter results of the company was recorded 1.27 as current ratio. The Company had total cash of $1.20 billion at hand and a book value per share as $1.22 in the most recent quarter.

The stock’s price volatility was 4.29% for a week and 4.64% for a month as well as price volatility’s Average True Range for 14 days was 0.27.

GRPN generated revenue of $2.19 billion in the previous twelve months and earned -$51.67 million. The Company showed a negative -1.40% in the net profit margin as well as in its operating margin which remained at 4.41%.

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