Bloomberg News

LivePerson Drops Most in Six Months, Closes Gap With U.S. Shares

June 21, 2012

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.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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