Pacific Sunwear of California (PSUN) Impressive Bounce-back; Atairos Sees Potential In Groupon (GRPN)
Shares of Pacific Sunwear of California Inc. (Nasdaq:PSUN) have been on an impressive upward path in the last 2 trading sessions, jumping from $0.13 at opening bell Friday to $0.35 at closing bell Monday, representing a more than 169% increase in the price of the stock. However, there appears to be no relevant information from the company in the street that may explain the impressive recent stock performance
6,623,128 shares of the company exchanged hands on Monday, a large increase in activity versus its average volume (3m) of 431,585
Pacific Sunwear of California, a leading specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle, has 70.12M Shares Outstanding, Market Capitalization (intraday) of $24.51M and PSUN stock 52-week range is between $0.12 and $2.77 per share
The price of Groupon, Inc. (Nasdaq:GRPN) stock climbed to touch the $4.53 mark during Monday’s trading session after the company reported a $250 million investment from Atairos. According to Groupon, the deal also calls for a potential partnership with cable television giant Comcast Corporation (Nasdaq:CMCSA) to explore collaboration opportunities.
28,233,673 of its shares were traded during the day, finally closing at $4.29, up $0.37 (or +9.44%).
Groupon, which operates online local commerce marketplaces that connect merchants to consumers, has 584.49M Shares Outstanding, Market Capitalization (intraday) of $2.52B and GRPN stock one-year range is from $2.15 to $7.54 per share
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