Close

Groupon (GRPN) Shares Trade Higher as End of Analyst Quiet Period Nears

December 7, 2011 2:47 PM EST
Get Alerts GRPN Hot Sheet
Price: $12.82 --0%

Rating Summary:
    13 Buy, 17 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 3 | New: 1
Join SI Premium – FREE
After trading up as much as 11 percent earlier, shares of Groupon (Nasdaq: GRPN) are now up nearly 7 percent to around $20.57. Investors are likely dipping in a toe ahead of the end of the IPO quiet period on December 14th.

The end of the quiet period means underwriters will be able to offer their opinions on the stock and launch research coverage with "Buy", "Hold" or "Sell," or the equivalent. Par for the course, most of the underwriter ratings will likely fall more in the Buy camp.

Financial firms included in the company’s underwriting: Morgan Stanley, Goldman Sachs, Credit Suisse, BofA, Barclays, Citi, Deutsche Bank, JPMorgan, Wells Fargo, William Blair, RBC Capital, Williams Capital.

Another important date, but currently a ways off: May 2nd, 2012, when Groupon insiders will finally be allowed to make trades in the stock.

Additionally, Groupon announced the launch of Groupon Scheduler Wednesday. Click here for the full report.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Insiders' Blog

Related Entities

Credit Suisse, Deutsche Bank, William Blair, JPMorgan, Citi, Morgan Stanley, RBC Capital, Barclays, Wells Fargo