Groupon Inc (GRPN): Today's Featured Internet Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) 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 $0.28 (3.0%) to $9.77 on average volume. Throughout the day, 17,200,484 shares of Groupon exchanged hands as compared to its average daily volume of 16,949,400 shares. The stock ranged in a price between $9.46-$9.90 after having opened the day at $9.47 as compared to the previous trading day's close of $9.49. Other companies within the Internet industry that increased today were:
(
), up 24.0%,
(
), up 10.0%,
(
TheStreet Recommends
), up 6.2% and
(
), up 5.8%.
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 $6.3 billion and is part of the technology sector. Shares are up 95.3% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Groupon a buy, 1 analyst rates it a sell, and 17 rate it a hold.
TheStreet Ratings rates Groupon as a
. Among the areas we feel are negative, one of the most important has been weak operating cash flow.
- You can view the full Groupon Ratings Report.
On the negative front,
(
), down 7.6%,
(
), down 6.4%,
ChinaCache International Holdings
(
), down 5.1% and
(
), down 4.4% , were all laggards within the internet industry with
(
) being today's internet industry laggard.
- Use our internet section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
First Trust Dow Jones Internet Idx
(
) while those bearish on the internet industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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