New(ish) Internet initial public offerings were a part of the 52-week low club. One company continues to fall after its lockup ended (not Facebook), while another regular to the club continue to see its stock take a hit due to growth concerns.
Here are Monday’s members of the 52-week low club.
Shares of Angie’s List, Inc. (NASDAQ: ANGI) are down 7.42% to $9.85 on trading volume of 1.0 million shares. The company’s shares are down 26% since all shares could begin trading freely on the open market. Friday’s close was $10.64.
Shares of Groupon, Inc (NASDAQ: GRPN) are down 2.11% to $4.65 on trading volume of 17.2 million shares. Company financers Battery Ventures and Andressen Horowitz have sold their shares of the daily deals company. Friday’s close was $4.75.
Samuel Weigley
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