Investing
Groupon Gets Analyst 'Sell' Rating & Options Trading (GRPN)
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Groupon, Inc. (NASDAQ: GRPN) is trading lower this morning. What we knew going into this week was that Monday would mark the start of stock options trading in Groupon. This allows traders to create a synthetic short sale by buying a put option. It also allows investors and speculators the chace to get long without ponying up the full amount by buying call options or even by taking a riskier trade of selling put options.
CNBC has also just reported that a boutique named Northcoast Securities has issued a SELL rating on the stock. Apparently they have the same concerns we have on the stock.
There was a BUY rating issued last week and we covered this and many other key analyst calls in the top analyst calls of the week on Saturday morning.
Groupon shares are indicated down 1.2% at $23.95 this morning right before the open.
JON C. OGG
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