Stocks trimmed most of their losses to close narrowly mixed Monday as hopes for stimulus from the Federal Reserve helped limit losses following a disappointing manufacturing report.
Herman Leung, Susquehanna Financial Group analyst, explains why he cut the price target from $15 to $12 for the e-commerce company.
Stocks rallied Tuesday amid optimism that the Federal Reserve will announce further steps to help the economy following their two-day meeting, but finished off session highs after reports that a German official said there were no plans to use the EU's rescue fund to buy bonds of troubled countries.
Although Groupon shares have taken a beating since their market debut last year, one analyst thinks the stock is nearing a range in which it is fully valued.
Stocks finished mixed Monday after wavering in a tight range for most of the session as ongoing worries over Spain overshadowed results of the weekend's Greek elections and as investors hesitated to jump in ahead of the FOMC meeting.
U.S. stock index futures were higher Tuesday, as investors bet on the Federal Reserve announcing further economic stimulus measures after its monetary policy meeting.
"I think we are getting towards a point of fair value for Groupon, I wouldn't be going gangbusters for Groupon however there is some reason to believe that they will be able to continue to cut back on their customer acquisition cost and to continue to grow revenue," Max Wolff, chief economist at GreenCrest Capital, told CNBC.
Following are moves you might have missed. Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
Groupon shares are soaring on a Morgan Stanley upgrade, with CNBC's Julia Boorstin.
When Facebook spacer went public a month ago today, the early betting was that it would storm out of the IPO chute and usher in a new wave of tech stock offerings. Some went so far as to compare its impact to that of Google's 2004 IPO
Take a look at some of Monday’s morning movers:
No customer accounts appear to have been damaged following a cyber attack on professional social networking website Linkedin, its co-founder and executive chairman Reid Hoffman told CNBC on Friday.
Foursquare is expected to announce an overhaul of its application — one that Dennis Crowley, the chief executive and one of the founders, says is the truest vision of Foursquare, turning it into a recommendation service that could rival sites like Yelp.
I did something Wednesday that I didn’t think I was ever going to be able to do. Not only did I establish a position in social media giant Facebook, but I did so while feeling good about the decision.
Groupon says it is no longer accepting new adult entertainment merchants as customers.
Stocks surged more than 2 percent across the board Wednesday, with the Dow and S&P 500 logging their best one-day gains in 2012, amid growing hopes that central banks around the world will implement further measures to support the global economy.
Take a look at some of Wednesday's midday movers:
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Stocks closed flat in a choppy trading session Monday, as gains were limited after a disappointing factory orders report and amid worries over uncertainty surrounding the European debt crisis.
Stocks suffered their worst day of the year, with the Dow tumbling into negative territory for 2012, after a disappointing jobs report in addition to dismal data from China and Europe fueled fears over the health of the global economy.