It was ugly today for Groupon Inc. (NASDAQ:GRPN) shares: They tumbled 22 per cent, shaving off about $1.5 billion in market value. This followed yesterday’s financial report, which showed that rising costs at the online discount company negated the benefit of higher sales. Groupon Inc. (NASDAQ:GRPN) stock opened at $8.96 in last session, and closed at $8.03, while the day range of Groupon Inc. (NASDAQ:GRPN) stock is $8.00 – $8.97. The stock showed a positive weekly performance of -25.37%.
The $19 billion that Facebook Inc. (NASDAQ:FB) is paying for a smartphone application, one of the biggest tech deals of all time, made jaws drop even in Silicon Valley, where entrepreneurs tend to have an inflated sense of their own worth. Facebook Inc. (NASDAQ:FB) stock opened at $69.69 in last session, and closed at $68.59 by losing -1.49%. The 52 week range of $22.67 – $70.11. Company’s market capitalization is $168.59B.
General Motors Company (NYSE:GM) India today launched limited edition versions of its Chevrolet Sail hatchback and sedan priced between Rs 4.21 lakh and Rs 7.45 lakh (ex-showroom, New Delhi). General Motors Company (NYSE:GM) stock increased 0.49% and finished the last session at $36.69. The EPS of the stock remained 2.38. Company’s market capitalization is $51.11B.
Equities research analysts at Sanford C. Bernstein upped their target price on shares of Micron Technology (NYSE:MU) from $30.00 to $32.00 in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. Micron Technology, Inc. (NASDAQ:MU) stock opened the session at $25.57, and closed the session at $25.08. The 52 week range of the Micron Technology, Inc. (NASDAQ:MU) stock remained $7.72 – $25.68 and the day range was $24.54 – $25.59.
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