Groupon Soars Following Alibaba Disclosure Of 5.6 Percent Stake

Grouppm Inc,

shares are trading higher by $1.05 at $3.94 in Tuesday's session. The momentum from Friday's post-earnings rally has continued with the catalyst being the announcement of Alibaba Group has taken a 5.6 percent stake in the company. After a higher open, it retreated only $0.03 to $3.37 before continuing it march to $4, which stands as the high fro the day. The issue has not traded in the $4 handle, since it peaked at $4.05 on November 19.\ The issue has now added 75 percent to its share value, since it ended Thursday's session ahead of its better-than-expected Q4 report.