MARKET PULSE-Groupon, Tesla, Stereotaxis, Intrexon, Fusion-io
Aug 8 (Reuters) - Some U.S. stocks on the move on Thursday:
WALL ST REBOUNDS AFTER 3-DAY DROP, LED BY TECH SECTOR
U.S. stocks rose, rebounding after three days of declines, led by gains in the technology sector. The Dow Jones industrial average was up 0.32 percent, the Standard & Poor's 500 Index 0.44 percent and the Nasdaq Composite Index 0.51 percent.
** GROUPON INC, $10.78, up 24 pct (0950 ET)
The company named co-founder Eric Lefkofsky its chief executive and reported a record quarter for its North American business, signaling growing momentum in its comeback effort, and its shares rose almost 20 percent.
Four brokerages raised their price targets on the stock. "This marks the second consecutive quarter that Groupon has met or slightly beat Street expectations, suggesting a level of stability in the business that we haven't seen since the company became public," Piper Jaffray & Co analysts wrote in a note.
The company went public in November 2011. Continued...