Sixth green day in a row.
Tuesday made it six sessions without a real breakdown. $Groupon(GRPN)$ closed at $24.06, up 1.9% from Monday's $23.60, after touching as high as $24.74 intraday. Volume cooled slightly to 1.82M shares but stayed above average, which suggests this wasn't a low-conviction grind.
Taking a step back, the run is hard to ignore: from $16.76 to $24.06 in six trading days, roughly a 43% gain off the recent low. That shows sustained buying pressure, not a one-day spike that fades.
Short float remains elevated at over 60%, and the next real catalyst, earnings (around Aug 4–12), is still weeks out. Until then, every green close adds a bit more pressure to the short side.
The trend is still up.
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