Shares of Groupon Inc. fell 30% in early trade Wednesday, after the company reported weaker-than-expected quarterly revenues, issued a disappointing sales guidance and ousted its CEO Tuesday night. Shares of Groupon recently traded around $2.84, their lowest level since November 2012. The stock is down more than 40% over the last three months, and 64% over the last 12 months. While there were no major rating changes on the stock as of Wednesday’s open, several banks lowered their price target, pushing the average 12-month price target down to $4.44, according to a poll on FactSet.
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