What Investors Said About Groupon Inc. (GRPN)
Groupon Inc. (GRPN), the company that provides customers daily deals on everything from yoga sessions, fondue restaurants, and kayak rentals, closed today almost 30% above its opening price. This increase was due to the company’s better than expected fourth-quarter earnings.
Groupon posted revenues of $917 million and earnings of -$0.02 per share, compared to our consensus figures of $841 million and -$0.05 respectively.
The company says that 85% of its business comes from its top ten markets; food, beauty, and events remain the most popular categories.
Let’s take a look at what investors were saying about Groupon’s trading day.
Michael Kudrna is rather bullish on GRPN stock:
$GRPN unless markets fall apart next week, the squeeze isn't over. Dips likely, but shorts will look to re-position rather than press
— Mike Kudrna (@MichaelKudrna) Feb. 12 at 02:23 PM
$GRPN Downsized trade position to only profit, will look to reBuy Tuesday. Rightsized overweight LT position to normal. Risk Management move
— Mike Kudrna (@MichaelKudrna) Feb. 12 at 02:50 PM
Money Girl provided a sarcastic take on GRPN reaching its IPO price of $20 per share:
$GRPN Buckle up this is heading to it's IPO price soon. ....hehe
— Money Girl (@MoneyGirl24) Feb. 12 at 02:00 PM
John Snow, aka long_short, is quite bearish on the company’s performance:
$GRPN no pos yet, but looking at thiz i will open a short ... Increase sp on fluff, 45mill settlement, i wouldnt hold long over weekend
— John Snow (@long_short) Feb. 12 at 01:50 PM
Oklahoma Sooner fan Branon Hayesis another investor who is bullish:
$GRPN LOL @ these bears saying to short at $2.70 and $2.80. I'll see y'all at $3.00!!!
— Branon Hayes (@soonerbull86) Feb. 12 at 01:12 PM
Ralph Borromeo provided everyone an important philosophical maxim about following rules:
$GRPN Took a 30% profit - Rule #1: Never Lose Money. Rule #2: Never Forget Rule #1 - GL to everyone!
— Ralph Borromeo (@ralphawear) Feb. 12 at 12:59 PM
And finally, Stock Market Sensei made the most profound of all statements about GRPN’s performance:
$GRPN one of the huge movers today
— Stock Market Sensei (@stockmarketsensei) Feb. 12 at 04:25 PM
Hopefully for the many investors who are bullish on Groupon, and for the company as well, can continue this trend once the market opens back up next week.
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