Hook a Better Fish
In late March I voiced my negative view on Groupon (GRPN) shares, and the shares have fallen like a stone since then, highlighted Monday as the shares tripped the Nasdaq's short-sale circuit breaker. The circuit breaker is triggered when a stock drops more than 10% from the previous session's closing price.
Groupon (GRPN) -- Daily Source: StockCharts.com View Chart » View in New Window »With Groupon 6% above its 52-week low of $6.50, and with roughly $1.80 per share in net cash on the company's books, the question many are asking is whether the free fall has been overdone. Or is it?...464 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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