Shares Groupon Inc (GRPN) surged more than 6 percent to $7.27 on Wednesday after Leon Cooperman of Omega Advisors said the internet coupon company was worth up to 50% more than its current pps.
“The stock seems mispriced…We think it’s worth 40-50% more than it’s trading and [its] fundamental business is improving”, Cooperman, whose fund took an 8.8 million share stake in Groupon in 3Q, told CNBC. He said Groupon business was turning around.
Risk Our Money Not Yours | Get 50% Off Any Account
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply