Groupon is trading at $17.32, up 8.45%, amid a broad market rally following Democrats’ win of both chambers of Congress, which investors viewed as reducing political uncertainty and supporting equities.
- Consumer discretionary stocks are also rallying.
- No clear Groupon-specific announcement explains the sharp intraday gain; Q3 results are scheduled for release after the November 9 market close.
- The price marks a strong reversal from the November 3 close of $15.50.