Groupon Pops on Upbeat Q2 Results and 2 Other Hot Stocks to Watch
Groupon Inc. (NASDAQ:GRPN): Current price $11.13
Groupon shares were up more than 26 percent Thursday in very heavy trading — a reaction to the company’s second-quarter numbers. Late Wednesday, Groupon posted sales that surpassed Wall Street analysts’ predictions and also chose co-founder Eric Lefkofsky as its new CEO. Analyst Gene Munster atPiper Jaffray commented that the past two quarterly reports “will give investors a sense of optimism that the deal space [and] Groupon” are worth investing in over the long-term.
Halcon Resources Corp. (NYSE:HK): Current price $5.23
On Thursday, Halcon said that it has priced an underwritten public offering of 38 million shares of its common stock at a price of $5.10 per share, also granting the underwriters a 30-day option to buy as many as an additional 5.7 million shares. The offering is expected to settle and close on August 13, subject to the usual closing conditions. Halcon will use the net proceeds to repay a portion of the outstanding borrowings under its senior secured revolving credit facility.
Microsoft Corp. (NASDAQ:MSFT): Current price $32.90
The number-one carrier-neutral Internet data center services provider in China, 21Vianet Group, Inc., said Thursday that it and Microsoft will begin the public preview for Microsoft Office 365 in China. The preview will be available over 21Vianet’s online cloud platform to customers all over China. On a global basis, Office 365, one of the most rapidly-growing businesses in the history of Microsoft, is now made available for businesses, consumers, and educational institutions via the cloud in 40 counties and regions.