Alibaba (BABA) Eyes Potential In Groupon (GRPN); Live Ventures (LIVE) Posts Strong Revenue Growth


Shares of Groupon, Inc. (Nasdaq:GRPN) soared on Tuesday’s trading session after Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE:BABA) disclosed in a SEC filing ( FORM 13F ) that it had acquired approx. 5.6% stake (32,972,000 shares) in the company.

Groupon recently delivered stronger-than-expected fourth quarter 2015 financial results, posting revenues of $917.2 million and non-GAAP net income of $23.3 million, or $0.04 per share for the period

GRPN is trading at $3.94, up $1.05 (or +36.34%), and 43,951,528 of its shares exchanged hands so far, a large increase in activity versus its average volume (3m) of 8,950,540

Groupon, which operates online local commerce marketplaces that connect merchants to consumers, has 584.49M Shares Outstanding and GRPN stock 52-week range is between $2.15 and $8.37 per share



The price of Live Ventures Inc. (Nasdaq:LIVE) stock climbed more than 30% to touch the $2.03 mark in early trade Tuesday as the company reported first quarter fiscal 2016 revenue of $20.1 million, representing a 151% compared to the same period the prior year. According to Live Ventures, gross profit for the period jumped 98% year-over-year to $6.4 million

LIVE stock is exchanging hands at $1.66, up $0.10 (or +6.44%), and 860,675 of its shares were traded so far

Live Ventures, a diversified holding company, has 16.91M Shares Outstanding and LIVE stock one-year range is from $0.75 to $3.63 per share


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