Groupon Inc. (NASDAQ:GPRN) continued its downward trajectory last week, closing at $9.69 on Friday. The stock, which is down 54.7% for the year, has been falling since early February, when it peaked around $24. Last week’s across-the-board decline, together with the domino effect from Facebook’s stock performance on all social media stocks, only increased the downward pressure on the online deals company. It didn’t help that last week also saw the lifting of restrictions on stock sales by the...
Published on June 06, 2012 03:50