) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 0.4%. By the end of trading, Groupon rose $0.16 (1.9%) to $8.55 on heavy volume. Throughout the day, 28,316,301 shares of Groupon exchanged hands as compared to its average daily volume of 16,266,800 shares. The stock ranged in a price between $8.23-$8.69 after having opened the day at $8.33 as compared to the previous trading day's close of $8.39. Other companies within the Internet industry that increased today were:
), up 22.2%,
), up 8.5%,
), up 5.3% and
), up 4.7%.
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Groupon, Inc. operates as a local commerce marketplace that connects merchants to consumers by offering goods and services at a discount in North America and internationally. The company also offers deals on products for which it acts as the merchant of record. Groupon has a market cap of $5.5 billion and is part of the technology sector. Shares are up 71.4% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Groupon a buy, 6 analysts rate it a sell, and 14 rate it a hold.
TheStreet Ratings rates Groupon as a
. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself.
- You can view the full Groupon Ratings Report.
On the negative front,
), down 12.9%,
), down 4.8%,
), down 4.1% and
), down 2.9% , were all laggards within the internet industry with
) being today's internet industry laggard.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
) while those bearish on the internet industry could consider
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