Shares of Groupon (GRPN) Close Higher Despite B. Riley Initiating at 'Sell'

January 12, 2012 4:33 PM EST
Get Alerts GRPN Hot Sheet
Price: $19.59 -0.05%

Rating Summary:
    14 Buy, 16 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Shares of Groupon (Nasdaq: GRPN) closed at $19.26, up $0.26 (+1.37%) despite B. Riley issuing coverage on shares at a 'Sell' rating and $13 price target.

The stock sank early morning, but spiked up almost $0.75 between 10-10:30am EST. GRPN traded between $19.20 and $19.40 the rest of the session.

Currently, on StreetInsider's Ratings Insider, there are seven 'Buys', twelve 'Neutrals' and two 'Sells'. The price targets range from $13 to $32.


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