DailyDealMedia.com: “The weak close in GRPN is a bad omen for Friday. Shares of GRPN continue to trade lower in the aftermarket. The only bright spot today is that markets are closed tomorrow. At least we get a reprieve for 24 hours from more market bleeding. As I mentioned yesterday, once GRPN broke below the $20 IPO share prices would drop like a rock. Unfortunately that’s exactly what happened. Discounting GRPN’s first and second trading day volume and you are left with average daily volume between 2 million and 3 million shares. Today we saw 7.9 million shares (over 20% of the float) trade; there was a ton of selling pressure.” Link
