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Groupon (GRPN) Shares Cross Below 200 DMA
By: BNK Invest
In trading on Friday, shares of Groupon Inc. (Symbol: GRPN) crossed below their 200 day moving average of $9.70, changing hands as low as $8.42 per share. Groupon Inc. shares are currently trading down about 17.4% on the day. The chart below shows the one year performance of GRPN shares, versus its 200 day moving average:
Looking at the chart above, GRPN's low point in its 52 week range is $4.24 per share, with $12.76 as the 52 week high point - that compares with a last trade of $8.49.
According to the ETF Finder at ETF Channel, GRPN makes up 3.63% of the Social Media Index ETF (Symbol: SOCL) which is trading lower by about 0.6% on the day Friday.