LivePerson Inc. (LPSN) dropped the most in more than six months after the Israeli provider of real-time chats and voice customer-service software’s U.S.-traded shares declined following a recommendation cut.
The stock retreated 6 percent, the most since Dec. 15, to 67.50 shekels, or the equivalent of $17.41, at 11:15 a.m. in Tel Aviv. The New York-traded shares fell 7.8 percent to $17.37 yesterday after shares were reduced to neutral from buy at Janney Montgomery with a share-price estimate of $18.
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