Groupon Down 6%, Lowest Level Since March

Groupon Inc GRPN shares are trading lower by $0.23 (6 percent) at $3.26 in Thursday's session. At this time, there is no specific news to account for the decline.

After a much lower open ($3.22 vs. Wednesday's close of $3.48), it could only manage a $0.02 pop to $3.34 before spiking down to $3.10 and rebounding. That low represents the lowest level for the issue since it rallied to $5 on March 7.

That ended the rally from its February 5 close of $2.25, that was fueled by a better-than-expected Q4 report along with the announcement that Alibaba Group Holding Ltd BABA had taken a stake in the company and it was rumored that it was considering acquiring the entire company.