Yelp, Help! Groupon (GRPN) Hits New Post-IPO Low with Investors Reevaluating Positions
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Groupon (Nasdaq: GRPN) shares are at a new low of $4.27 on Wednesday as a lack of catalysts remain to keep hope afloat.
Following second-quarter results released on August 13th, shares have closed lower all but one session...August 22nd.
The stock is down over 44 percent since the announcement.
Conversely, Yelp (NYSE: YELP) is ripping Wednesday as it appears no insiders are chomping at the bit to sell shares. Maybe Groupon needs another lock-up expiration to spur sentiment?
Shares are off 1.8 percent, rising off of session lows.
Following second-quarter results released on August 13th, shares have closed lower all but one session...August 22nd.
The stock is down over 44 percent since the announcement.
Conversely, Yelp (NYSE: YELP) is ripping Wednesday as it appears no insiders are chomping at the bit to sell shares. Maybe Groupon needs another lock-up expiration to spur sentiment?
Shares are off 1.8 percent, rising off of session lows.
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