A Stock Headed for the Brink
Angie's List (ANGI) rode the coattails of Groupon's (GRPN) hot initial public offering last November, going public priced at $13 per share, the high end of its projected range. Angie's List shares immediately broke above $18 before dropping quickly to about $11.
The stock recovered along with the broad market -- and, last March it hit a new, probably-never-to-be-seen-again, all-time high of $19.82. The company and selling shareholders were able to squeeze out a secondary offering in May at $13....175 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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