Groupon (GRPN) volatility at low end of range into revised guidance

Groupon (Nasdaq: GRPN) is recently down $2.07 to $16.31 in the premarket into lowering guidance, announcing material weakness. Groupon was downgraded to Neutral from Buy at BofA/Merrill and to Sell from Hold at Stifel Nicolaus. Overall option implied volatility of 45 is below its 18-week average of 50 according to Track Data.

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