Large Groupon (GRPN) Investors Said to Exit Holdings; Recent Internet IPOs Mixed (ZNGA) (ANGI) (YELP)
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Following reports that early investors are checking out of Groupon, Inc. (Nasdaq: GRPN), shares of the daily deals giant seem undeterred Monday afternoon. The stock is up 1.4 percent on the session.
More importantly, traders are keeping track of how Facebook's (Nasdaq: FB) lock-up expiration hit shares and how ongoing sentiment for recent Internet IPOs is faring. That said, other's on watch include Yelp (NYSE: YELP), Angie's List (Nasdaq: ANGI), Zynga (Nasdaq: ZNGA), and Jive Software (Nasdaq: JIVE).
Earlier, the WSJ said insiders were selling Groupon as faith in the company wares. Specifically, the WSJ highlighted Marc Andreessen, who was said to have sold 5.1 million shares in June. Swedish firm Kinnevik also unloaded 8.38 million Groupon shares shortly after expiration.
Angie's List and Yelp are lower on the session, as Jive and Zynga are still in positive territory Monday. Angie's List were public last November, Jive and Zynga last December, and Yelp debuted last March.
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More importantly, traders are keeping track of how Facebook's (Nasdaq: FB) lock-up expiration hit shares and how ongoing sentiment for recent Internet IPOs is faring. That said, other's on watch include Yelp (NYSE: YELP), Angie's List (Nasdaq: ANGI), Zynga (Nasdaq: ZNGA), and Jive Software (Nasdaq: JIVE).
Earlier, the WSJ said insiders were selling Groupon as faith in the company wares. Specifically, the WSJ highlighted Marc Andreessen, who was said to have sold 5.1 million shares in June. Swedish firm Kinnevik also unloaded 8.38 million Groupon shares shortly after expiration.
Angie's List and Yelp are lower on the session, as Jive and Zynga are still in positive territory Monday. Angie's List were public last November, Jive and Zynga last December, and Yelp debuted last March.
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