Groupon up 4.7% After Evercore Upgrade

Groupon Inc

is trading higher on the session following an upgrade at Evercore. Groupon was raised from Equal Weight to Overweight. The shares of Groupon have been hit hard this year. The stock is down approximately 43% since the beginning of January. Additionally, the company has lost over 50% of its all time highs that it hit on its IPO day. Groupon is currently trading at $11.65, a gain $0.52 or 4.67%.