Groupon announced significant discounts for the busiest U.S. shopping day of the year, including some deals of more than 90% off. A full list is available here.
Groupon also announced its Black Friday deals would not be limited to just the day after Thanksgiving. Like Walmart (WMT) and Amazon (AMZN) , the company is offering some of its discounts prior to the rush next Friday.
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More than 24.4 million shares had changed hands as of 3:11 p.m., compared to the daily average volume of 15,708,300.
Separately, TheStreet Ratings team rates GROUPON INC as a "sell" with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate GROUPON INC (GRPN) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share."