Groupon Bounces Back

Groupon

Groupon shares have bounced big this month, could the worst be behind for shareholders?

 

If you picked up Groupon (GRPN) shares at the start of September then you timed it perfectly.  Groupon shares have bounced back 28% this month and are no longer a stock under $5.

However if you bought Groupon shares back in February you would be down 77%.  Groupon is a highly volatile stock and you can get burned if you trade on the wrong day.  Groupon shares are more than a buck from its four dollar 52-week low.  Today Groupon shares had a stellar day finishing at $5.34 for a 13.8% gain. 

Groupon shares jumped today after the company announced its mobile card reader.  It allows merchants to accept credit and debit cards by swiping them through a card reader attached to an iPhone or iPod touch.  Groupon is guaranteeing it has the cheapest rates — and will beat a merchant's current rates if it doesn't.

MASTERY Bottom Line (Ninja Style)

MASTERY Bottom line:

Mobile card reader is fine and dandy but it doesn't guarantee the stock becomes a 10 bagger from this point.

Mastery would love to say its all sunshine and butterflies from here on out for GRPN but that's crazy pills.

For those of you looking for a stock in the $5 range with a ton of volume, always in the news, jumps 10% +/- in a single day -- this is your play.

 

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