After closing the day 9% lower, shares of Groupon Inc. (NASDAQ:GRPN) are edging .39% higher in late trading. Shares have fallen more than 40% since going public on November 4. Other popular internet companies such as LinkedIn Corp (NYSE:LNKD) and Pandora (NYSE:P) also closed lower on Monday.
Shares of Amazon (NASDAQ:AMZN) continue to head higher after the closing bell. Shares jumped 6.4% during regular market hours after the online retailer giant reported sales of its Kindle products increased four time from the previous year. The Seattle-based company said its Black Friday sales were “the best ever” for its Kindle products. Amazon also competes with Apple (NASDAQ:AAPL) and Barnes & Noble (NYSE:BKS).
Shares of Activision Blizzard Inc. (NASDAQ:ATVI) continue to attract attention with its popular Call of Duty Modern Warfare 3 game. According to interim results from the Black Friday Weekend survey by the Consumer Electronics Association, electronics were among the most purchased items over the Thanksgiving weekend. Activision closed 3.49% higher on Monday. Shares of Microsoft (NASDAQ:MSFT) and GameStop (NYSE:GME) also closed higher.
eBay Inc. (NASDAQ:EBAY) is poised for a strong holiday season, as consumers showed they were still willing to spend money this shopping season. The company’s PayPal unit saw mobile payments increased more than six times year over year on Thanksgiving and Black Friday. Shares closed more than 5% higher.
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