New York, NY -- (ReleaseWire) -- 01/17/2013 --Groupon Inc. (NASDAQ: GRPN), the Chicago, Illinois-based daily deals site, is gaining in mid-day trading today, reversing some of the losses from the previous trading sessions. GRPN had fallen nearly 4% on Wednesday even as the company launched the Merchant Impact Report, a free tool built into the Groupon Merchant Center that offers merchants a clear view of how GRPN is driving their business by making it possible to assess the performance of their promotion.
GRPN is currently trading 1.39% higher at $5.10 on volume of 3.57 million, which is a quarter of the daily average volume of 14.10 million. GRPN currently has support at $5. The stock is facing resistance at $5.50.
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Hovnanian Enterprises Inc. (NYSE: HOV), a company engaged in the design, construction, marketing and sale of single-family detached homes, attached townhomes and condominiums, is marginally lower in mid-day trading today. At last check, HOV was trading 0.17% lower at $5.99 on volume of 7.65 million, which is below the daily average volume of 9.65 million.
HOV has fallen more than 5% in the last three trading sessions. The stock has support at around $6. Despite the recent pullback, HOV, like other homebuilder stocks, has had an excellent run over the past three months, gaining nearly 45%.
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