|Bid||1.0700 x 40000|
|Ask||1.1000 x 42300|
|Day's range||0.9214 - 1.4200|
|52-week range||0.4800 - 3.8200|
|Beta (5Y monthly)||1.65|
|PE ratio (TTM)||N/A|
|Earnings date||27 Apr 2020 - 03 May 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1.77|
While plenty of tech stocks have seen their market caps dive in the past month, Groupon has taken a harder hit than most. The company's share price has dropped more than 70% in the past five weeks. The reckoning came for Groupon's leadership today with both CEO Rich Williams and COO Steve Krenzer ousted.
(Bloomberg) -- Groupon Inc. removed its chief executive officer and chief operating officer, replacing them with an interim CEO, as the online discount provider struggles to pull out of a slump worsened by the coronavirus pandemic.Aaron Cooper, Groupon’s North American president, will be the interim leader while the board searches for a permanent CEO, the company said on Wednesday. The previous CEO, Rich Williams, and the operating chief, Steve Krenzer, will remain employees of the company.Groupon offers discounts to local businesses, such as nail salons, escape rooms and restaurants, many of which have had to scale back services during lockdowns across the U.S. But even before the outbreak, Groupon was ailing. Last month, the company sent its stock plunging with worse-than-expected results and said it would be shutting down a division that sells merchandise.“Our immediate goal is to help millions of Groupon merchants, customers and employees navigate the massive challenges they face,” Cooper, a 10-year Groupon veteran, said in a statement. “We have a strong team in place that is in constant communication with our community, working on opportunities to support them in new ways during these uncertain times, even as we continue to focus on strengthening Groupon’s leadership position.”As of last month, Williams was still upbeat about the company’s comeback plan. He was working to shift away from offering deals and position Groupon as a marketplace where consumers can find local experiences. But offering experiences is an even harder sell during a pandemic.Groupon shares are down 63% this year, compared with a 23% decline for the S&P 500.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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Groupon's CEO Rich Williams and CFO Melissa Thomas will attend the UBS Global Consumer and Retail Conference on Thursday, March 5, 2020 in Boston.
INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Groupon, Inc.
Glancy Prongay & Murray LLP, a Leading National Securities Fraud Law Firm, Announces Investigation of Groupon, Inc. (GRPN) on Behalf of Investors
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Groupon, Inc.
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Groupon, Inc. (GRPN) on Behalf of Investors
The Law Offices of Frank R. Cruz announces an investigation on behalf of Groupon Inc.("Groupon" or the "Company") (NASDAQ: GRPN) investors concerning the Company and its officers’ possible violations of federal securities laws.
Groupon's (GRPN) fourth-quarter 2019 results reflect a weak North America performance due to fewer customers, lower traffic and stiff competition in the Goods category.
Groupon has added Valerie Mosley and Helen Vaid to the company's Board of Directors and named Melissa Thomas as Chief Financial Officer.
Most parents haven't been on a date since 2017, according to a new Valentine's Day survey from local experiences marketplace Groupon.
Groupon will report Q4 2019 financial results on Feb. 18 after the close of trading and will hold a conference call to discuss the results on Feb. 19.
Groupon (GRPN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.