Why Groupon Stock Exploded Higher Today

Groupon stock could be a turnaround in the making.Groupon (GRPN 27.43%) -- remember Groupon? It's apparently still a thing -- reported earnings last night, and investors are cheering the results. Shares of the online coupon site soared 22.2% through 10:20 a.m. ET Friday after the company missed on earnings, but beat on sales.The question is why.Heading into the Q1 2024 report, analysts forecast Groupon would earn $0.05 per share on sales of$121.6 million. As it turned out, sales were better than expected a ...