Groupon Shares Gain Following SideTour Acquisition

Groupon Inc. (NASDAQ: GRPN) had recently announced its acquisition of SideTour, which brought into focus the company’s constant and steady shift away from the flash deals business. We had stated in our newsletter dated Sep 20, 2013 that the market is valuing the company’s diversification strategy and the stock has gained close to 163% in the year-to-date, a year which has seen the company’s constant focus to diversify its revenue sources. The latest announcement of the SideTour acquisition by the company was once again welcomed in the market, pushing the stock up by over 8% in yesterday’s trading session.

To see Groupon’s latest stock price movement, click here (NASDAQ: GRPN)

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Disclaimer: We do not hold any stake in the aforesaid stocks. For detailed disclaimer, please click here.

Virendra Singh Chauhan Virendra Singh Chauhan   on Amigobulls :

Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice.

Buying and selling of securities carries the risk of monetary losses.Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions.

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