Groupon Surges on Expected E-Commerce Expansion
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Groupon Inc. surged the most in two months amid optimism that its new e-commerce service may expand to more cities, bolstering sales.
The shares advanced 5.4 percent to $5.58 at the close in New York, for the biggest gain since Dec. 7. Groupon has declined 72 percent since an initial public offering in November 2011, compared with a 21 percent increase for the Russell 1000 Index in the same period.