Groupon May Have Retreated to Gather Momentum
Despite reporting first-quarter results that topped estimates and announcing a fresh repurchase program, Groupon (GRPN) still tumbled in the first half of the year. Groupon stock fell 15.7% in the six months ending in June. JD.com (JD) was down 6.0%, and eBay (EBAY) fell 3.9%, while the S&P 500 Index rose only 1.7% in the first half.