Why Groupon Stock Jumped on Tuesday
Shares of Groupon (NASDAQ: GRPN) were up as much as 7.5% on Tuesday as the company continues to follow the broad movements of reopening stocks. As of 2:58 p.m. EDT the stock is up 7.1% on the day.
Image source: Getty Images.
Groupon didn't release any news today, so it looks like this big jump came because of the stock's correlation to other reopening companies like airlines. On Monday, fears of the coronavirus delta variant caused stocks associated with the reopening of the U.S. economy to tumble. However, on Tuesday many of these companies, including Groupon, recovered most of if not all of their recent losses.
Source Fool.com
