Stocks of Groupon Inc $GRPN rose 32.56%, HCI Group $HCI went up 28.18%, while Marathon Digital Holdings $MARA grew 27.69% among other stocks making the headlines. We have highlighted below some of the reasons for the price movements.
Groupon Inc $GRPN
American e-commerce marketplace, Groupon shares rose 32.56% after JP Morgan upgraded the stock from Underweight to Neutral and announced a $48 price target. The stock started trading at $44.80 to close at $57.53 per share price.
HCI Group Inc $HCI
HCI Group shares traded higher after the company late Friday announced Centerbridge Partners invested $100M in its TypTap subsidiary. The stock went up 28.18% after closing the previous day at around $57, began Monday’s trading at $74.49 to close at $74.18 per share price.
Marathon Digital Holdings Inc $MARA
Shares of Cryptocurrency and blockchain-related companies traded higher amid continued momentum in Bitcoin. MARA grew 27.69% after opening trading at $34.12 to close at $38.50. It closed the previous day trading at $30.15
Ontrak Inc $OTRK
Ontrak shares dropped 46.35% after the company issued FY21 sales guidance below analyst estimates. The stock had previously closed around $58.94 to open Monday at $33.26 and closed at $31.63