COUR - Online-learning firm Coursera falls for eighth session as post-IPO rally fades
Coursera (COUR) is falling for the eighth straight session Monday, shedding nearly 12% intraday as the online-learning company continues to give back what had been a nearly 80% gain following its recent IPO.COUR shares dropped to as low as $40.51 in the early afternoon, down 11.9% on the session. They later partly recovered, but were still changing hands at $41.89 shortly before 3:30 p.m. ET, off 8.9% for the day.Coursera, which teams up with top universities, businesses and government agencies to provide online learning, has fallen some 29% since it peaked at $58.85 intraday on April 8.Before that, the stock had been on a tear since going public on March 31 at $33 a share. COUR rose 36.4% on its first trading day to close at $45, then rallied to its $58.85 peak – up 78.3% from the stock’s IPO price.And even with its recent pullback, Coursera remains some 27%
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Online-learning firm Coursera falls for eighth session as post-IPO rally fades