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Why Groupon Stock Skyrocketed 107.4% in August

TheMotleyFool

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Why Groupon Stock Skyrocketed 107.4% in August

Shares of Groupon (NASDAQ: GRPN) rose 107.4% in August, according to data from S&P Global Market Intelligence. The discounting marketplace stock soared after the company posted better-than-expected second-quarter results, and it continued to climb in conjunction with market momentum and favorable coverage from analysts.