February 15, 2013 at 11:25 AM EST
LogMeIn (LOGM) stumbles on downgrade
LogMeIn Inc. (NASDAQ: LOGM) shares fell 27.5% to $17.15. The information-technology company was downgraded to a perform rating from outperform by Oppenheimer. It released earnings on Thursday, offering guidance that missed analyst expectations for the first quarter and the full year. Share volume was 3.7 million, overwhelming an all-day average of 226,000
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