Will Groupon Stock Break the Buck?
Being a Groupon (NASDAQ: GRPN) shareholder these days is a lot like being a hardwood retailer dealing with a fussy customer -- in either scenario you're having a hard time finding a floor. Shares of the daily-deals specialist hit another all-time low on Tuesday, closing near the intraday bottom of $1.17.
Stocks in general have been rattled, but Groupon had a February to forget. Groupon shares were cut by more than half last month, after the company posted horrendous financial results. The board's approval of a reverse stock split after the grim quarterly update shattered any semblance of corporate confidence. Groupon stock keeps falling, and it's now another rough trading day or two away from buckling below the dollar mark.
Image source: Groupon.
Source Fool.com
