Natalie Parkinson
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Is it time to sell Groupon shares?

Groupon’s shares declined after Tiger Global Management LLC slashed its stake in the daily-deals provider.

The shares dropped 4.2 percent to $9.78 at the close in New York. Chicago-based Groupon has lost about half its value since an initial public offering in November 2011, though it has more than doubled this year amid optimism that discounts aimed at smartphone and tablet users may bolster sales.

Tiger cut its investment by 72 percent to 18 million shares in the second quarter, the New York-based fund disclosed in a regulatory filing yesterday. The move suggests that Tiger sees limited potential for Groupon’s stock to keep rising, according to Tom Forte, an analyst at Telsey Advisory Group.

http://www.bloomberg.com/news/2013-08-15/groupon-falls-after-tiger-global-discloses-stake-cut.html

Do you think it’s time to follow suit?