Why Groupon's Stock Is Falling Again

Groupon (NASDAQ: GRPN) delivered a better-than-expected first-quarter earnings report after the market closed Tuesday -- a day during which shares had soared almost 13%. But the discount marketplace's stock tumbled 9% in Wednesday morning trading.

Despite reporting a narrower-than-anticipated adjusted loss and beating expectations on sales, shares of Groupon fell Wednesday; the broader market indexes also opened lower as investors reacted to news that the numbers of new cases of COVID-19 were rising in parts of the U.S.

Image source: Getty Images.

Source Fool.com