Groupon, Inc. (NASDAQ:GRPN) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $4.61 –$5.28 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company reported better than expected third-quarter 2017 results.
Though the company has seen one negative estimate revision over the past few weeks, the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Groupon currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Internet - Commerce industry is IAC/InterActiveCorp (NASDAQ:IAC) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Groupon, Inc. (GRPN): Free Stock Analysis Report
IAC/InterActiveCorp (IAC): Free Stock Analysis Report
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