This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Why Groupon (GRPN) Is Up Today

Update (4:33 p.m. EST): Updated with closing price, day high and low prices, price change and volume information.

NEW YORK ( TheStreet) --  Groupon Inc.  (GRPN - Get Report) rose 3.92% to $11.41, up 43 cents from its previous close of $10.98, at the close of the trading day on Tuesday after the company purchased fashion sale site Ideeli for $43 million in cash. 

The stock had a volume of 12,349,752, well below its average of 19,659,800. It hit a high of $11.49 and a low of $11.03 for the day.

The purchase was a loss for Ideeli shareholders, as the company had received $107 million in venture capital from 2007 through 2013. Groupon announced that it plans to keep Ideeli running as a separate website but noted opportunities for synergy with the new acquisition.

Ideeli uses timed sales, similar to Groupon, to sell designer products at up to 90% off and features different brands each day. But this method had not yielded positive results for the company, which most recently operated at a $30 million loss.

Groupon's stock recovered somewhat on Tuesday morning after the company had trended downward for the better part of 2014.

GRPN Chart

GRPN data by YCharts


Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GRPN $3.38 0.00%
AAPL $94.19 0.00%
FB $118.06 0.00%
GOOG $695.70 0.00%
TSLA $227.00 2.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs