Groupon Headed Lower in Early Trade

By Benzinga,  August 21, 2012, 10:32:34 AM EDT

Shares of Groupon (NASDAQ: GRPN ) are falling in early trading on Monday. After the first half hour of trade, the stock had lost around four percent to $4.47. Shares initially gapped lower at the open, but have actually moved slightly higher in intra-day trade.

Analysts at Barclays downgraded the stock from "Overweight" to "Underweight" on Tuesday morning and lowered their price target from $15.00 to $4.00. The company went public at $20.00 per share in November 2011. Groupon's all-time low sits just below current prices at $4.34.

Groupon, Inc. (Groupon) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount. Each day, the Company e-mails its subscribers discounted offers for goods and services that are targeted by location and personal preferences.

(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: GRPN



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