Groupon, Inc. (GRPN) managed to rebound with the stock climbing 2% or $0.07 to close the day at $3.57 on active trading volume of 17.95M shares, compared to its three month average trading volume of 14.04M. The Chicago Illinois 60654 based company has been outperforming the internet information providers group over the past 52 weeks, with the stock gaining 40%, compared to the industry which has advanced 18.31% over the same period. With RSI of 45.96, the stock should still continue to rise and get closer to its one year target estimate of $5.13, making it a hold for now.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America, Europe, the Middle East, Africa, and internationally. It also provides deals on products for which it acts as the merchant of record. The company offers deals in various categories, including food and drink, events and activities, beauty and spa, health and fitness, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals. It offers its deal offerings to customers through Websites; search engines; and mobile applications and mobile browsers, which enable consumers to browse, purchase, manage, and redeem deals on their mobile devices, as well as sends emails to its subscribers with deal offerings that are targeted by location and personal preferences. The company was formerly known as ThePoint.com, Inc. and changed its name to Groupon, Inc. in October 2008. The company was founded in 2008 and is headquartered in Chicago, Illinois. Groupon, Inc. is a subsidiary of The Point, LLC.
Frontier Communications Corporation (FTR) retreated with the stock falling -2.22% or $-0.08 to close at $3.53 on light trading volume of 17.9M compared its three months average trading volume of 22.11M. The Norwalk Connecticut 06851 based company operating under the Telecom Services – Domestic industry has been trending down for the last 52 weeks, with the shares price now -7.1% down for the period and up by 4.44% so far this year. With price target of $4.87 and a 17.4% rebound from 52-week low, Frontier Communications Corporation has plenty of upside potential, making it a hold with a view buy.
Frontier Communications Corporation provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. The company offers residential services, such as fiber-to-the-home and fiber-to-the-node broadband, as well as traditional copper-based broadband products; and commercial services, including Ethernet, dedicated Internet, multiprotocol label switching, time division multiplexing, data transport services, and optical transport services. It also provides Frontier Secure suite of products for computer security, cloud backup and sharing, identity protection, equipment insurance, and technical support; unified messaging services comprising call forwarding, conference calling, caller identification, voicemail, and call waiting services; long distance network services; and packages of communications services. In addition, the company offers switched access services that facilitate other carriers to use the companys facilities to originate and terminate their local and long distance voice traffic; satellite TV video services; and a range of third-party communications equipment to small, medium, and enterprise business customers. As of December 31, 2015, it had approximately 3,124,200 residential customers; approximately 289,200 business customers; and 2,462,100 broadband subscribers. The company also operates a retail store in Southern California. The company was formerly known as Citizens Communications Company and changed its name to Frontier Communications Corporation in July 2008. Frontier Communications Corporation was founded in 1927 and is based in Norwalk, Connecticut.
- C. Penney Company, Inc. (JCP) failed to extend gains with the stock declining -1.56% or $-0.11 to close the day at $6.94 on lower than average trading volume of 17.3M shares, compared to its three month average trading volume of 18.55M. The Plano Texas 75024 based company has been underperforming the department stores companies by -22.2302% for last three months and its recent losses have pulled the stock down -16.49% YTD, versus the department stores industry which is down -4.58% for the same period. The RSI of 24.32 indicates the stock is oversold at the current levels, buy for now.
- C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, as well as provides various services, including styling salon, optical, portrait photography, and custom decorating. As of January 30, 2016, it operated approximately 1,021 department stores in 49 states and Puerto Rico. The company also sells its products through its Website, jcpenney.com. J. C. Penney Company, Inc. was founded in 1902 and is based in Plano, Texas.