Groupon (GRPN) Volatility Elevated as Free Fall Eases

May 30, 2012 11:23 AM EDT Send to a Friend
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.


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