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

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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