Midday Nasdaq Falls on Apple While Amarin Drops

By Jonah Loeb  DEC 07, 2012 3:22 PM

Also, Groupon sees some good news for a change.

 


MINYANVILLE ORIGINAL The Nasdaq Composite Index (INDEXNASDAQ:.IXIC) fell 0.37% to 2,978.24 as of 3:00 p.m. today as Apple (NASDAQ:AAPL) fell and strong jobs data failed to overcome investor uncertainty about the fiscal cliff.
 
Apple dragged down the index, falling 2.05% to $536.83 on continued uncertainty about its performance despite Jim Cramer rating the stock a Buy. Facebook (NASDAQ:FB) continued its recovery, rising 2.00% to $27.51 as investors began to gain confidence in the once-beleaguered social networking site.
 
Groupon (NASDAQ:GRPN) had a massive day, jumping 21.78% to $4.63 per share on double its average volume despite CEO Andrew Mason saying that it would be “weird” if the company’s directors weren’t considering firing him after the company’s stock has nosedived this year.
 
Liberty Interactive (NASDAQ:LINTA) fell 0.62% to $19.16 on huge volume on news that it had filed an SEC Form 8-K. Finally, Amarin (NASDAQ:AMRN) dropped 18.49% to $9.74 after making announcements that suggest it is no longer expecting a buyout anytime soon.

Twitter: @JonahLoeb
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