Groupon, Inc. (GRPN) saw a big move last session, as the company’s shares fell by nearly 22% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $10.00 to $11.08 in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the Internet commerce company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
GRPN currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Some better-ranked stocks in the Internet commerce sector include Liberty Ventures (LVNTA), Autobytel Inc. (ABTL) and Netflix, Inc. (NFLX). While Liberty Ventures carries a Zacks Rank #1 (Strong Buy), Autobytel and Netflix hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Be the first to comment