These Stocks Under $5 Are Poised To Explode

Moving on, the stock of discount marketplace Groupon Inc (NASDAQ:GRPN) has had a gradual decline throughout 2015, which has resulted in its market cap being reduced by half since the start of the year. This possibly explains why even though the number of hedge funds covered by us that held a stake in Groupon Inc (NASDAQ:GRPN) dropped by only one during the second quarter, from 32 at the end of March, the aggregate value of investors’ holdings in it dropped by 47.5% to $220.28 million. Nevertheless, the funds we track still amassed 6.50% of the company’s outstanding shares as of June 30. Several analysts that cover Groupon Inc (NASDAQ:GRPN) continue to remain bullish on it and believe that the company’s efforts in improving its mobile site and improving the quality of merchants on its platform will pay rich dividends in the future. Cliff Asness‘ AQR Capital Management increased its stake in the company by 85% during the April-June period to around 5.34 million shares.