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Groupon Fires CEO After Disappointing Quarterly Results

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  • Description

    FBN's Nicole Petallides on stocks moving the morning markets.

  • Duration 1:12
  • Date

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All right remember what Charles Payne said about a company's stock price after the chief executive is fired.

A look at group on this morning looks like investors are happy to see that CEOs to go to the cult the stock please -- -- Yeah it's like yeah yeah it's like there's saying goodbye Clinton -- -- get Alex.

Because basically this is a twenty dollar IPO back in November of 2011 we see the stock -- -- for sixty in change -- -- And the stock is to be outside today feels he's out they've had a terrible quarter the latest quarter and their outlook is weaker than expected that's.

-- 2%.

I would actually we were expecting a big a jump.

It right after the bad news yesterday we were expecting a bigger jump when they knew that this CEO was not a limited view this -- technical.

As the saying goes always leave them laughing he is what Andrew Mason wrote in his -- well -- that perhaps Groupon.

Quote we decided that I'd like to spend more time with my family.

Just kidding I was fired today if you're wondering why you haven't been paying attention -- they haven't begun a 2% -- -- the stock after them.

But yet.

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