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On a weak day for tech, Groupon (GRPN +6.5%) bounced strongly off its 52-week lows, thanks to an...

On a weak day for tech, Groupon (GRPN +6.5%) bounced strongly off its 52-week lows, thanks to an upgrade to Overweight from Evercore's Ken Sena, who notes the company is now valued just slightly above Google's $6B Dec. 2010 offer. Sena also downplays the impact of Groupon's June 1 share lockup expiration, and the possibility the company will have to take a write-down on its troubled international ops.
Comments (8)
  • avickrey
    , contributor
    Comments (38) | Send Message
     
    This is called 'taking one for the team'.
    23 Apr 2012, 04:24 PM Reply Like
  • montanamark
    , contributor
    Comments (1434) | Send Message
     
    so in this analyst's mind GPRN=GOOG??????????
    23 Apr 2012, 04:44 PM Reply Like
  • Sebanightwish
    , contributor
    Comments (1015) | Send Message
     
    In this analyst´s remember when GOOG offer $6B for Groupon in 2010
    23 Apr 2012, 09:05 PM Reply Like
  • johnnyboi
    , contributor
    Comments (29) | Send Message
     
    What a joke. The stock has been POUNDED. Upgrade, or none, it was bound to start a correction upward--- and, 6% may be just the tip of the iceburg when the shorts start bailing quickly and enmass
    23 Apr 2012, 05:48 PM Reply Like
  • tcumberford
    , contributor
    Comments (40) | Send Message
     
    This guy is about to lose a bunch of clients. Overweight? You've got to be kidding me.
    23 Apr 2012, 05:48 PM Reply Like
  • Sebanightwish
    , contributor
    Comments (1015) | Send Message
     
    It was time to get rebounce! These shares were punished excessively.
    So this morning I recommended short position from $11,13.
    But is important sell this shares before June 2
    23 Apr 2012, 09:11 PM Reply Like
  • Lane Kam
    , contributor
    Comments (4) | Send Message
     
    I thought the lock up expiration is May 1?
    24 Apr 2012, 12:41 AM Reply Like
  • Sebanightwish
    , contributor
    Comments (1015) | Send Message
     
    It was to be on May 1, but the problem then released Q4 decided to extend the lock-up until June 2
    24 Apr 2012, 06:21 AM Reply Like
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