MARKET PULSE-J.C Penney, Groupon, Molycorp, MGIC, Procera Networks

Thu Feb 28, 2013 1:17pm EST
 
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(For more market insights, including options activity, click on ; for The Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/faq23t)

Feb 28 (Reuters) - Some U.S. stocks on the move on Thursday:

US STOCKS-WALL ST DRIFTS AFTER TWO-DAY RUN, DOW RECORD IN SIGHT

U.S. stocks edged higher on Thursday with investors hard-pressed to lift indexes to multi-year highs despite strong economic data. The Dow Jones industrial average rose 14.79 points, the S&P 500 gained 3.12 points and the Nasdaq Composite added 9.13 points.

** GROUPON INC, $4.82, down 19 pct (1224 ET)

Groupon lost a quarter of its market value on Wednesday after the company revealed it began to take a smaller cut of revenue on daily deals during the holidays, sacrificing revenue and profits to attract and keep merchants.

At least three brokerages downgraded the stock, while two others cut their stock price targets.   Continued...