AmEx (AXP) Eyes Groupon (GRPN) with New Twitter Promotion
Get Alerts AXP Hot Sheet
Price: $217.50 -0.08%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 1.3%
EPS Growth %: +22.9%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 1.3%
EPS Growth %: +22.9%
Join SI Premium – FREE
Earlier in Wednesday's session, AmEx (NYSE: AXP) revealed a new promotion with Twitter which allows cardmembers to "sync their eligible Card with Twitter and when they tweet using special offer hashtags, couponless savings are loaded directly to their synced Cards." AmEx is apparently trumpeting about using no coupons or print-outs to receive the savings.
The move seems to be a shot at Groupon (Nasdaq: GRPN). Though AmEx didn't specify whether or not there would be daily deals, it noted partners in the venture included "Best Buy, McDonald’s, Whole Foods Market, [and] Zappos," among others.
While AmEx shares are up about 2 cents this morning, shares of Groupon have tumbled more than 3.5 percent.
The move seems to be a shot at Groupon (Nasdaq: GRPN). Though AmEx didn't specify whether or not there would be daily deals, it noted partners in the venture included "Best Buy, McDonald’s, Whole Foods Market, [and] Zappos," among others.
While AmEx shares are up about 2 cents this morning, shares of Groupon have tumbled more than 3.5 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Intuitive Surgiical (ISRG) beats earnings, revenue expectations in Q1
- Verastem Oncology (VSTM) Appoints John Hayslip to Chief Medical Officer
- Equifax (EFX) shares tumble on weak Q1 revenue, guidance miss
Create E-mail Alert Related Categories
Corporate News, Insiders' BlogRelated Entities
TwitterSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!