Groupon (GRPN) Volatility Elevated on Strong Post-IPO Low Bounce
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Groupon Inc. (Nasdaq: GRPN) is seeing some increased movement Tuesday as shares look to stem a five-session slide. Notably, the stock has yielded to pressure facing peer Facebook (Nasdaq: FB), which has had lackluster performance since its IPO in mid-May.
Volatility on the session is up 12 percent from Monday's close, though activity is just 94 percent of its trailing historical average.
Shares are up about 6.5 percent on the session, bouncing from lows not seen since its IPO last November.
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Volatility on the session is up 12 percent from Monday's close, though activity is just 94 percent of its trailing historical average.
Shares are up about 6.5 percent on the session, bouncing from lows not seen since its IPO last November.
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