Groupon’s Share Continue Falling Down, Last Closed At $14.54 A Share, Down 3.2 Percent

Posted on Apr 5 2012 - 9:23am by Editorial Staff

Just less than five months time when Groupon goes public, the company stock price keeps on lagging down and down. The daily deals company’s share slid another 3.2 percent (or 48 cents), and close at $14.54 a share, that is what actually half the $31.14 price some of investors paid at the stock’s high point. At today’s close, the company’s stock hits a new low. The stock has not recovered since last Friday when Groupon revised its results for the fourth quarter due to higher-than-expected return rates during the holiday period.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.