5 Radar Stocks: Groupon Surges 30%, LinkedIn Falls, Orbitz Flys 8% Higher, and Investors Get Defensive
After pricing at $20 per share, Groupon Inc (NASDAQ:GRPN) closed 30% higher, and continues to climb another 1.3% in late market trading. Shares hit a high today of $31.14. Many analyst remain skeptical of the company and its questionable long-term value. Other recent tech IPOs include LinkedIn (NYSE:LNKD), Zillow (NASDAQ:Z), and Pandora (NYSE:P).
Dig Deeper: Groupon Analyst Cheat Sheet.
After falling nearly 6% on Friday, shares of LinkedIn (NYSE:LNKD) are edging higher after the close. The company recently reported a third quarter loss of $1.6 million (2 cents per share). The company also plans to offer $100 million of shares, in order to increase its working capital for product development and other expenses. Don’t Miss: Is LinkedIn Just a Wanna Be Momo Stock?
Shares of Orbitz Worldwide Inc (NYSE:OWW) are flying more than 8% higher after reporting strong earnings. The company saw its third quarter revenue rise 4% year over year to $202.9 million and earned a $0.15 earnings per share. This beat analysts estimates by $4.6 million and $0.09, respectively. Shares of Priceline.com (NASDAQ:PCLN) are also edging higher.
Duke Energy (NYSE:DUK) and Eli Lilly (NYSE:LLY) traded on heavy volume Friday. Both stocks are considered defensive plays given their respective industry and dividend payout. Duke Energy operates as an energy company in the Americas, while Eli Lilly develops, manufactures, and sells pharmaceutical products worldwide.
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