The post-IPO lockup period ended today. Insiders (private equity, founders) typically have to wait 6 months after an IPO before they can sell their shares.
In GRPN's case, you can see on http://finance.yahoo.com/q/mh?s=GRPN that 45% of their shares are held by insiders. Their sales are probably causing a temporary supply/demand imbalance.
You would think just about all insiders would want to cash out. I just can't see how Groupon right now would at all be the best place to have your money tied up.
In GRPN's case, you can see on http://finance.yahoo.com/q/mh?s=GRPN that 45% of their shares are held by insiders. Their sales are probably causing a temporary supply/demand imbalance.
EDIT: sorry, that was Friday (http://dealbook.nytimes.com/2012/06/01/as-lock-up-expires-gr...) but the effect of lockup expiration lasts longer than one day.