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Fly News Breaks for October 20, 2016
FB, GRPN
Oct 20, 2016 | 14:15 EDT
Boenning & Scattergood analyst Murali Sankar said Facebook's (FB) rolled out several new features aimed at the local commerce including recommendations for local businesses based on activity of your network, discovery of local events, and 3) deepening interactions with local businesses through their Facebook page. The analyst says this adds competitive pressures on Groupon (GRPN), especially following recent product announcements, and longer-term, could result in increased marketing spend. Sankar has a Neutral rating on Groupon.
News For GRPN;FB From the Last 2 Days
GRPN
Apr 17, 2024 | 12:46 EDT
Bullish option flow detected in Groupon with 5,357 calls trading, 1.6x expected, and implied vol increasing almost 4 points to 115.04%. May-24 9 puts and Apr-24 11 calls are the most active options, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 0.61. Earnings are expected on May 8th.
