Groupon Soars

By Chris Hill – Aug 8, 2013 at 6:00PM

NASDAQ: GRPN

Groupon

Market Cap

$373M

Today's Change

(0.74%) $0.07

Current Price

$9.58

Price as of April 22, 2024, 4:00 p.m. ET

Groupon's earnings weren't bad, but this is the real story behind the company's stock explosion today.

The following video is from Thursday's Investor Beat, in which host Chris Hill, and Motley Fool analysts Jason Moser and Bryan Hinmon, dissect the hardest-hitting investing stories of the day.

Groupon's (GRPN 0.74%) second-quarter profits rose just $0.02 a share, and revenue was up just 7% YOY. But those results, plus the news that interim CEO Eric Lefkofsky had the word "interim" removed from his title, were enough to send the stock to a new 52-week high. In our lead story on Investor Beat, Bryan and Jason weigh the pros and cons of Groupon's latest quarter, and whether now is the time for investors to jump in.

Bryan Hinmon, CFA has no position in any stocks mentioned. Chris Hill has no position in any stocks mentioned. Jason Moser has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.