Groupon Inc (NASDAQ:GRPN) enteres into a deal related to the first album of Goodie Mobs


Dallas, Texas 08/28/2013 (Financialstrend) – It had recently been announced that Groupon Inc (NASDAQ:GRPN) had entered into a deal related to the first album of Goodie Mobs in the past 14 years. Through this deal, Groupon would be holding the limited supply of the new album of Goodie, The Age Against The Machine which is to be officially released by this week on the Primary Wave. The listeners can now purchase the CD of this album for a price of $8.99 from the website of the company.

Groupon Inc (NASDAQ:GRPN) had been primarily involved in providing a local e-commerce marketplace to the users to enable a connection between the merchants and the customers and thereby offers goods and services on the website for a discount. The company takes care to send mails to its subscribers every day to inform them on the new discounts offered on the goods and services which are available in its marketplace. The customers also have the option of accessing the deals directly from the website or through the mobile applications. The company operates its business through geographical segments of North America where the markets of US and Canada are served and the International segment for all other markets.

Shares of Groupon Inc (NASDAQ:GRPN) had presented loss on Tuesday to close at $9.89 per share, a negative move of 3.79% over the previous close. The stock’s price movements on the day were observed to be in the range of $8.80 to $10.20 per share. The stock had recorded the lowest price in 52 weeks at $2.60 and highest price at $11.22 per share. The stock had attracted around 16.31 million trades on Tuesday, while the average trading volume for the past one month had been at 16.52 million shares per day. The company has 667.95 million outstanding shares and 66% of institutional ownership.