Groupon stock climbed more than 27 percent Thursday following the release of a quarterly earnings report that beat expectations, and the announcement that cofounder Eric Lefkofsky was officially named CEO. Shares bounced more than 20 percent in after-hours trading following Wednesday’s news, cooling slightly Thursday afternoon to close the day at $10.61. Though still far off its $20 IPO price, it has rallied since Lefkofsky and board member Ted Leonsis took over as interim coCEOs earlier this year after former CEO Andrew Mason was ousted.
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New Groupon Chief Gets Thumbs-Up From Wall Street
Posted by: Rachelle Dragani August 8, 2013 01:20 PMGroupon stock climbed more than 27 percent Thursday following the release of a quarterly earnings report that beat expectations, and the announcement that cofounder Eric Lefkofsky was officially named CEO. Shares bounced more than 20 percent in after-hours trading following Wednesday’s news, cooling slightly Thursday afternoon to close the day at $10.61. Though still far off its $20 IPO price, it has rallied since Lefkofsky and board member Ted Leonsis took over as interim coCEOs earlier this year after former CEO Andrew Mason was ousted.