Groupon Inc. ($GRPN) Stock Forecast: Down 26.6% Today

What is Groupon Inc.?

Groupon (GRPN) is an e-commerce marketplace connecting subscribers with local merchants offering activities, travel, goods, and services at discounted prices. The stock is sensitive to consumer spending trends and overall market sentiment.

Why is Groupon Inc. going down?

GRPN stock is down 26.6% on Nov 13, 2024 18:36

• Groupon (GRPN) reported Q3 earnings that beat estimates but with a decrease in revenues year-over-year, reflecting sluggishness in the local end-market.
• The stock experienced a bearish movement possibly due to deteriorating fundamentals and uncertain growth prospects highlighted in evaluations pre-Q3 earnings.
• Despite strong momentum in North America's travel revenues, concerns about the company's future performance may have led to the bearish market movement.
• The failure of Spirit Airlines to file its earnings for the quarter ended September 2024 might have contributed to negative sentiment in the market, impacting stocks like Groupon.

GRPN Price Chart

GRPN Technical Analysis

GRPN News

Groupon Q3 Earnings Beat Estimates, Revenues Decrease Y/Y

GRPN's third-quarter results indicate sluggishness in the local end-market. However, strong momentum across North America's travel revenues is positive.

https://www.zacks.com/stock/news/2369846/groupon-q3-earnings-beat-estimates-revenues-decrease-yy

Spirit Airlines, Groupon, ZoomInfo Technologies And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session - Spirit Airlines ( NYSE:SAVE )

U.S. stock futures were lower this morning, with the Dow futures falling around 100 points on Wednesday. Shares of Spirit Airlines, Inc. SAVE fell sharply in today's pre-market trading after the company failed to file its earnings for the quarter ended September 2024.

https://www.benzinga.com/24/11/41938796/spirit-airlines-groupon-zoominfo-technologies-and-other-big-stocks-moving-lower-in-wednesdays-pre-market-session

Groupon ( GRPN ) Q3 Earnings Beat Estimates

Groupon (GRPN) delivered earnings and revenue surprises of 232% and 3.82%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2369336/groupon-grpn-q3-earnings-beat-estimates

Evaluating Groupon Stock Pre-Q3 Earnings: Buy, Hold, or Avoid?

Deteriorating fundamentals and uncertain growth prospects suggest staying cautious ahead of GRPN's Q3 earnings, despite strength across the North American region.

https://www.zacks.com/stock/news/2368350/evaluating-groupon-stock-pre-q3-earnings-buy-hold-or-avoid

Insights Into Groupon ( GRPN ) Q3: Wall Street Projections for Key Metrics

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Groupon (GRPN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.

https://www.zacks.com/stock/news/2366248/insights-into-groupon-grpn-q3-wall-street-projections-for-key-metrics

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Groupon Inc. Price History

30.09.2024 - GRPN Stock was up 5.2%

• Increased implied volatility in Groupon's stock options indicates a rise in options market activity, potentially leading to a surge in stock demand.
• Despite a market downturn, Groupon's stock managed to increase by +1.18% during the trading session, demonstrating resilience and capturing the attention of investors seeking opportunities in a volatile market.
• The active movements in the options market combined with the stock outperforming in a bearish market suggest investors' optimism about Groupon's future prospects, driving the bullish momentum witnessed today.

11.09.2024 - GRPN Stock was up 5.0%

• The stock price of Groupon closed at $10.34, marking a +0.68% rise compared to the previous day.
• Despite the increase, Groupon did not outpace the overall market performance.
• The uptrend in Groupon's stock price may be linked to optimistic investor views on the company's recent strategic actions or growth prospects.
• However, Groupon's underperformance relative to the broader market indicates that investors might have set higher expectations for the company's performance.

13.10.2024 - GRPN Stock was down 26.6%

• Groupon (GRPN) reported Q3 earnings that beat estimates but with a decrease in revenues year-over-year, reflecting sluggishness in the local end-market.
• The stock experienced a bearish movement possibly due to deteriorating fundamentals and uncertain growth prospects highlighted in evaluations pre-Q3 earnings.
• Despite strong momentum in North America's travel revenues, concerns about the company's future performance may have led to the bearish market movement.
• The failure of Spirit Airlines to file its earnings for the quarter ended September 2024 might have contributed to negative sentiment in the market, impacting stocks like Groupon.

13.10.2024 - GRPN Stock was down 25.4%

• Groupon (GRPN) reported better-than-expected earnings for the third quarter of 2024, with a significant surprise in both earnings and revenue.
• Despite the positive earnings report, the stock experienced a strong bearish movement, possibly due to deteriorating fundamentals and uncertain growth prospects highlighted in the pre-earnings evaluations.
• The failure of Spirit Airlines to file its earnings for the same quarter might have contributed to the overall negative sentiment in the market, impacting Groupon's stock price negatively.
• Investors might be cautious about Groupon's future performance, as highlighted by Wall Street projections and concerns about the company's growth trajectory, leading to the bearish movement in the stock today.

04.09.2024 - GRPN Stock was up 6.0%

• Groupon witnessed a notable bullish surge today despite its year-to-date decline.
• Market participants may see the recent drop as a chance to buy in, given the company's e-commerce expertise and potential growth prospects.
• The surge could be due to renewed investor faith in Groupon's efforts to resolve website issues and navigate economic challenges.
• This uptick indicates that some investors have confidence in Groupon's future outlook and are seizing the current market sentiment.

05.08.2024 - GRPN Stock was down 5.1%

• Despite optimistic outlooks from financial analysts projecting a 31.2% increase in Groupon's stock value, this did not materialize during the latest trading session.
• Groupon, previously classified as a high-growth stock, encountered a substantial decline, suggesting a potential shift in market sentiment.
• The discrepancy between projections by analysts and the market's actual movement may be attributed to broader market dynamics or internal factors affecting investor confidence in Groupon's future growth trajectory.

24.08.2024 - GRPN Stock was down 5.2%

• The bearish movement in Groupon's stock can be attributed to the following factors:
• Groupon's stock falling by -1.57% amidst a market uptick suggests that specific company-related issues might have impacted investor sentiment negatively.
• Concerns about Groupon's financial performance, competition in the e-commerce space, or internal challenges could have contributed to the stock decline.
• Investors may be reacting to the latest trading day's performance, leading to a sell-off of Groupon shares despite the overall market showing positive movement.

21.09.2024 - GRPN Stock was down 5.2%

• The stock price for Groupon closed at $11.07, reflecting a -1.69% decline compared to the previous day.
• The bearish movement in GRPN is possibly a result of general market sentiment affecting e-commerce and tech company stocks.
• Concerns regarding competition in the online marketplace industry may be influencing investor behavior towards Groupon.
• Broader economic factors impacting consumer spending habits could also be contributing to the negative movement in Groupon's stock price.

03.09.2024 - GRPN Stock was down 5.2%

• The 25.2% decline in Groupon shares year-to-date indicates a significant downward trend.
• Site stability issues and macroeconomic concerns might have contributed to the bearish movement.
• Despite the decline, Groupon's e-commerce strength could be a positive factor for potential investors.
• The recommendation to "buy the dip" implies that some investors see the current low price as an opportunity for future gains, despite the recent bearish movement.

14.09.2024 - GRPN Stock was down 6.4%

• Despite a slight uptick in Groupon's stock value, it lagged behind the general market performance, signaling a relative underperformance.
• The divergence between Groupon's increase and the market's downturn indicates that company-specific factors may have influenced the overall movement of the stock.
• Potential explanations for the bearish trend might involve unsatisfactory financial outcomes, adverse updates regarding the company's operations, or apprehensions about its future growth trajectory, prompting investors to divest their holdings in Groupon.

05.10.2024 - GRPN Stock was up 6.2%

• Groupon's stock price saw a 0.73% increase, reaching $10.34, surpassing overall market performance.
• The uptick in the stock price could be attributed to favorable market conditions and growing investor faith in Groupon's business model.
• Investors seem to be responding favorably to potential avenues for expansion and recent strategic announcements made by the company.
• The stock's performance exceeding the market average suggests a potential change in investor sentiment, leading to a bullish trajectory throughout the day.

07.10.2024 - GRPN Stock was up 5.3%

• Positive Wall Street forecasts for key metrics in Q3 were in place for Groupon, hinting at a potentially robust performance.
• Despite lacking the necessary elements for an earnings surpass, a change in market sentiment possibly occurred as investors anticipated favorable outcomes.
• Groupon's outperformance compared to the market and closing higher than its previous value likely played a role in the day's bullish movement.
• On the whole, the favorable projections for key metrics and market performance could have boosted investor trust, leading to the stock's positive traction today.