Groupon (GRPN) Insiders Flee the Scene on Lockup Expiration

June 1, 2012 10:34 AM EDT
The Groupon (Nasdaq: GRPN) lockup period has expired and guess what insiders are doing...?

Let's see, gobs of volume, the stock's down over 9 percent...

Holders of about 600 million Groupon shares now have the ability to turn their dreams into reality, going from paper millionaire to a millionaire with a lot of paper (read: dollars).

But with Groupon stock being down significantly from its IPO price in the high-20s and low-30s, some will wait. On Friday, however, it seems like not too many are so patient, and shares are hitting a new low of $9.55.

Volatility is up 12 percent from Thursday's close as well.

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