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.
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Source Fool.com
