Groupon, Inc. Stock News

Groupon (GRPN) stock price has suffered a harsh reversal in the past few weeks as concerns about the e-commerce industry continued. It retreated to a low of $10.85, down by almost 45% from its highest point this year, giving it a market cap of over $431 million.

Groupon's revenue fell in the second quarter. It is spending a bunch on marketing and is still unprofitable.

Groupon shares fell 16.8% following a mixed Q2 earnings report. A cloud migration project caused stability issues, leading to expensive outages and low guidance targets for the next quarter.

Groupon posted mixed second-quarter results after the market close on Tuesday. One analyst is lowering his price target on the stock, but it still represents more than 75% in near-term upside.

Groupon (GRPN) shares tumbled in premarket trading Wednesday, a day after the company reported an unexpected loss.

Groupon, Inc. (NASDAQ:GRPN ) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Dusan Senkypl - CEO Jiri Ponrt - CFO Conference Call Participants Sean McGowan - Roth Capital Bobby Brooks - Northland Capital Pierre Riopel - Goldman Sachs Operator Hello, and welcome to Groupon Second Quarter 2024 Financial Results Conference Call. On the call today are CEO, Dusan Senky...

Investors who remained heavily invested in the technology sector should start watching the broader market's behavior today, as names in artificial intelligence like NVIDIA Co. NASDAQ: NVDA are potentially coming out of favor. A rotation into other areas and asset classes has started in the past couple of weeks, and riding the momentum could prove beneficial for most today.

Eric Lefkofsky knows the public listing rodeo well and is about to enter it for a fourth time. The serial entrepreneur, whose net worth is estimated at nearly $4 billion, has already taken three businesses he's founded public.