Groupon (GRPN) Volatility Elevated as Free Fall Eases

May 30, 2012 11:23 AM EDT
Groupon (Nasdaq: GRPN) volatility is elevated as shares have done nothing much besides move lower on Wednesday's session. The move comes following lack of sentiment in the social media realm following Facebook's (Nasdaq: FB) IPO on May 18th.

Volatility is up 13 percent on the session from Tuesday's close.

Groupon stock is down 6.6 percent as well, though the shares may be nearing a bottom.

Of note, shares have been hanging below the 50-day SMA since mid-February, after reporting a surprise fourth-quarter 2011 loss.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Insiders' Blog, Options, Trader Talk

Add Your Comment