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Why Groupon Stock Was Falling on Monday

TheMotleyFool

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Shares of Groupon (NASDAQ: GRPN) slumped Monday morning after some troubling news out of the United Kingdom and analyst downgrades. The stock was down as much as 9% on the day. As of 11:42 a.m. EDT, shares had fallen 6.7%.

Last week, Groupon announced its earnings for the second quarter, ending in June. Revenue was down 33% year over year to $266 million, while it had a net loss of $3.1 million. Investors were not excited with these results, selling off Groupon stock on Friday by as much as 17%.

Image source: Getty Images.

Source Fool.com

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