Thursday, September 27, 2012

Groupon Inc Rebound 4% (GRPN, YELP, ZNGA, MPEL, HCA)

Groupon Inc (NASDAQ:GRPN) went up 4.68% to $4.92. Earlier this week, Company has acquired Savored. Savored is a provider of reservations at the best restaurants across the United States. The terms of the deal were not disclosed. 

The Company is introducing a credit-card reader to vie with products offered by Square Inc and EBay Inc’s PayPal service and boost revenue from small businesses. The Company will charge U.S. merchants that use its coupons lower fees than Square and PayPal. The firm is the largest daily- deals website.

Will GRPN Resume Uptrend? Find Out Here

Yelp Inc (NYSE:YELP) went down 0.31% to $25.60 on a traded volume of 155k shares. The median Wall Street price target on the stock is $27.50 and the high target is set at $33.0 with majority of analysts have a hold rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $23.47 and $22.41 respectively.

Zynga Inc (NASDAQ:ZNGA) is currently trading at $2.84 on a traded volume of 2.10 million shares. The Company announced the purchase of A Bit Lucky. A Bit Lucky is a small game developer studio. The financial terms of the deal are not disclosed. The purchase price was estimated between $20 and $25 million, which is quite low relative to Zynga's previous acquisitions.

Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) soared 2.30% to $13.32 on a traded volume of 2.07 million shares. So far this year, the stock is up over 39%. The 52-week range for the stock is $7.05 and $16.02.

Get Free Trend Analysis On MPEL Here
HCA Holdings Inc (NYSE:HCA) went up 3.41% to $33.05 on a traded volume of 959k shares. The Company has agreed to pay the U.S. Department of Justice $16.5 million to settle claims that it violated the False Claims Act and the Stark Statute in 2007.

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