November 20, 2012 at 12:20 PM EST
The Nasdaq Now: Groupon Up 35% Since Last Week's All-Time Low
MINYANVILLE ORIGINAL US stocks cut some of their early-morning losses and were hovering near the previous session’s closing levels as investors weighed a horrific quarterly report from Hewlett-Packard (NYSE:HPQ) and strong housing data. The Nasdaq Composite (INDEXNASDAQ:.IXIC) was up 0.03% to 2 916.97 points on below-average trading volume of 673.03 million as of 12:09 p.m. EST. Groupon (NASDAQ:GRPN) was one of the best Nasdaq performers on the day surging 12.72% to $3.50 on news that New York-based hedge fund Tiger Global had purchased a 9.9% stake (65 million shares) in the online daily deals company. Shares of ...
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