Groupon Inc(NASDAQ:GRPN)’s shares resumed downtrend after the recent gains after the company released a mobile payments service that will enable payments via credit cards on mobile devices.
The daily deals site, which was once hailed as the new Internet king, introduced Groupon Payments with which customers can make payments for any credit card transactions, not just for its deals.
After venturing into the area of direct sale of goods with Groupon Goods, the company is now getting into another area which has a huge potential, that is, payments.
Shares of GRPN fell over 6% to $4.84.
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TiVo Inc.(NASDAQ:TIVO) stock increased 4.23% to $10.36 after Tivo Inc. and Verizon Communications Inc. said that they have settled pending litigation and reached a patent-licensing agreement. Verizon will pay Tivo a total of at least $250.4 million in compensation. Verizon will pay Tivo a $100 million initial cash payment followed by recurring quarterly payments totaling an additional $150.4 million through July 2018.
Questcor Pharmaceuticals, Inc.(NASDAQ:QCOR) stock gained 4.66% to $19.97 after the company announced that it has become aware of a U.S. government investigation involving the Company's promotional practices.
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Additionally, Aetna last week said it would limit coverage of Questcor’s top-selling drug, H.P. Acthar, a treatment for multiple sclerosis and infant seizures. The drug accounts for most of Questcor’s sales.
Clearwire Corporation(NASDAQ:CLWR) shares increased 3.05% to $1.52 in the morning hour. Time Warner Cable last week disclosed plans to sell its entire 7.8% stake in Clearwire. Time Warner acquired 46.40 million shares of Clearwire for $550 million in 2008, but the shares are worth only more than $72 million at current prices.
Additionally, Morgan Stanley restated their underweight rating on shares of Clearwire in a research note issued to investors last week. The firm currently has a $1.00 target price on the stock.
Royal Caribbean Cruises Ltd.(NYSE:RCL) stock jumped 3.85% to $31.58. RCL stock had its target price boosted by ABG Sundal Collier from $30.00 to $40.00 in a report released last week. ABG Sundal Collier currently has a buy rating on the stock.
Separately, analysts at Zacks reiterated a neutral rating on shares of Royal Caribbean Cruises in a research note to investors on September 10. They now have a $31.00 price target on the stock.
Safeway Inc.(NYSE:SWY) shares climbed 3.20% to $16.45 in the early hour after the company announced that in cooperation with the USDA Food Safety Information Service's public health alert on raw boneless beef trim products imported from Canada by XL Foods, Inc. that may be contaminated with E. coli O157:H7, the company is voluntarily recalling a number of ground beef items sold in Oregon, Washington State and Montana. Safeway was informed by Interstate Meat Distributors that ground beef products produced for Safeway included trimmings from that were subject to XL Foods Inc.'s expanded recall.