Dallas, Texas 08/20/2013 (Financialstrend) – Groupon Inc (NASDAQ:GRPN) had recently announced the launch of Groupon Partner Network, which proves to be first proprietary marketing platform of local e-commerce affiliate kind. This marketing platform is aimed at helping the online publishers to effectively monetize their presence in the internet through the promotion deals offered by Groupon. The Partner Network provides for the distribution of most relevant Groupon deals across the websites and apps of the partners and thereby provides for an expansion of the visibility and distribution of the deals offered by the merchants and other drive purchases.
It had been reported that the Groupon Partner Network is loaded with an extensive suite of tools to provide for publishing and retargeting of the customers to the deals. The merchant partners who use GPN would thereby have access to features such as Real time reports, Link Creation Wizards and Open APIs which would provide for effective tracking of their performance and to obtain gross higher commissions on their deals. This network is expected to generate higher sales deals for the company.
Shares of Groupon Inc (NASDAQ:GRPN) had moved down to present significant loss of 1.14% on Monday to close the session at $9.50 per share. There had been around 15.90 million shares of this company that had traded on the day, while the stock’s average level of trading remains at 16.97 million shares per day. Throughout the day, the stock had been moving to present intraday price fluctuations in the range of $9.27 to $9.68 per share. The stock’s presently recorded 52 week low is at $2.60 and 52 week high is at $11.22 per share. The company currently has 667.95 million shares being traded out in the secondary markets with the institutional owners contributing around 66% of the holdings.