Radar Movers: Groupon Surges 23%, Apple Finishes Week Lower
Groupon (NASDAQ:GRPN) shares surged nearly 23 percent to close the week on a high note, but fell 2.5 percent in late afternoon trading. Bloomberg reports that speculation is rising that Google (NASDAQ:GOOG) may consider buying the company.
Shares of Apple (NASDAQ:AAPL) closed 2.6 percent in the red on Friday, and continue to edge lower in late afternoon hours. The tech giant crossed the “death cross” during trading as the stock declined enough for the 50-day simple moving average to break below its 200-day moving average. Shares have now closed lower nine of the past eleven weeks.
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Netflix (NASDAQ:NFLX) shares traded mostly flat, despite the company and CEO Reed Hastings receiving a Wells Notice from the SEC, a warning indicating the regulators might bring civil action against the company. The issue is a Facebook (NASDAQ:FB) post made months ago that may have violated Regulation Fair Disclosure, also known as Reg FD, by announcing material information to a limited audience.
Shares of Boeing (NYSE:BA) closed 0.90 percent higher on Friday, but gave up the gains in late afternoon trading. In the past week, Boeing customers have cancelled orders for six planes for a total worth of approximately $1.9 billion, according to Reuters.
Investor Insight: Netflix and Facebook Complicate Relationship With the SEC.