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Where Will Groupon Inc Common Stock (GRPN) Stock Go Next After It Has Risen 2.20% in a Week?

Friday, October 15, 2021 12:01 PM | InvestorsObserver Analysts

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Where Will Groupon Inc Common Stock (GRPN) Stock Go Next After It Has Risen 2.20% in a Week?

Groupon Inc Common Stock (GRPN) stock is up 2.20% over the past week and gets a Bullish rating from InvestorsObserver 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?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With GRPN Stock Today?

Groupon Inc Common Stock (GRPN) stock is trading at $23.66 as of 11:58 AM on Friday, Oct 15, a rise of $0.12, or 0.51% from the previous closing price of $23.54. The stock has traded between $23.65 and $24.13 so far today. Volume today is low. So far 128,634 shares have traded compared to average volume of 912,109 shares. To see InvestorsObserver's Sentiment Score for 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. Click Here to get the full Stock Report for Groupon Inc Common Stock stock.

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