Heavy Early Morning Activity On Groupon (GRPN)

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.

Trade-Ideas LLC identified Groupon ( GRPN) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Groupon as such a stock due to the following factors:

  • GRPN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $40.6 million.
  • GRPN traded 746,095 shares today in the pre-market hours as of 9:00 AM, representing 10.6% of its average daily volume.

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More details on GRPN:

Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record. Currently there are 7 analysts that rate Groupon a buy, no analysts rate it a sell, and 11 rate it a hold.

The average volume for Groupon has been 8.6 million shares per day over the past 30 days. Groupon has a market cap of $4.3 billion and is part of the technology sector and internet industry. The stock has a beta of 1.27 and a short float of 16% with 9.52 days to cover. Shares are down 22.8% year-to-date as of the close of trading on Monday.

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