Pivotal Point Tracking Groupon (GRPN): $296 Million Cash Cushion and 12% Booking Increase Halt the Sell-Off!

Groupon connects millions of users with local merchants through discount offers. Before the stock surge on March 17, the stock was under significant pressure: The Q4 numbers presented on March 10 missed expectations with a revenue of $132.7 million and an adjusted earnings per share of $0.17. Furthermore, downgrades by analysts and concerns about merchant engagement weighed on the stock, which plummeted to $9.17. It was only the confirmation of a stable cash position of $296 million and progress in migrating to a new, more efficient cloud platform...