Groupon shares tumble after Barclays downgrade

Groupon tumbled as much as 6.7 per cent, extending a decline that pushed shares to a record low last week, after analysts at Barclays cut the price estimate and rating for the shares.

21st August, 2012
Groupon makes money by selling discounts from businesses.

Groupon tumbled as much as 6.7 per cent, extending a decline that pushed shares to a record low last week, after analysts at Barclays cut the price estimate and rating for the shares.

Chicago-based Groupon dropped 3.2 per cent to $4.50 at 10:09am in New York, and earlier sank to $4.34. Through yesterday, the stock had lost 77 per cent since an initial public offering in November.

Barclays downgraded its recommendation on Groupon’s shares to the equivalent of a sell...

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