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Why Groupon Stock Soared More Than 15% Today

Billy Duberstein, The Motley Fool
·2-min read
Why Groupon Stock Soared More Than 15% Today

Shares of Groupon (NASDAQ: GRPN) were soaring today, up 15.5% as of 1:50 p.m. EDT. Groupon is down 34% over the past 12 months, so investors might now be rotating toward beaten-down stocks. Over the weekend and this morning, the former Food and Drug Administration commissioner, Dr. Scott Gottlieb, indicated on Twitter and on television that the omicron variant's surge in the northeastern U.S. may be peaking, and that we could be past omicron within a month.

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