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Is Groupon Inc Common Stock (GRPN) Stock a Good Buy on Monday?

Monday, June 08, 2020 10:41 AM | InvestorsObserver Analysts

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Is Groupon Inc Common Stock (GRPN) Stock a Good Buy on Monday?

Overall market sentiment has been high on Groupon Inc Common Stock (GRPN) stock lately. GRPN receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Groupon Inc Common Stock has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GRPN!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With GRPN Stock Today?

Groupon Inc Common Stock (GRPN) stock is trading at $1.77 as of 10:30 AM on Monday, Jun 8, a gain of $0.26, or 16.89% from the previous closing price of $1.51. The stock has traded between $1.57 and $1.78 so far today. Volume today is below average. So far 6,933,747 shares have traded compared to average volume of 10,877,593 shares.

To screen for more stocks like Groupon Inc Common Stock click here.

More About Groupon Inc Common Stock

Groupon acts as the middleman between consumers and merchants, offering a variety of products and services at discounts via its online store. It offers consumers daily deals (in the form of online vouchers) from local merchants. Groupon also sells products directly to consumers. It generates revenue from the take rate on the purchase and/or usage of the vouchers (40% of total revenue) and from direct sales (60% of total revenue). More than 65% of Groupon's revenue comes from North America.

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