A company insider recently bought 6,716,966 shares of Groupon Inc. [GRPN]. Should You Buy?

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ZOM Stock

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Groupon Inc. shares valued at $48,899,512 were purchased by Barta Jan on Dec 20. At $7.28 per share, Barta Jan acquired 6,716,966 shares. The insider’s holdings grew to 6,716,966 shares worth approximately $45.94 million following the completion of this transaction.

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Also, Barta Jan sold 5,110,558 shares, netting a total of over 37,204,862 in proceeds. Following the sale of shares at $7.28 each, the insider now holds 0 shares.

Before that, Barta Jan had sold 1,606,408 shares from its account. In a trade valued at $11,694,650, the Director traded Groupon Inc. shares for $7.28 each. Upon closing the transaction, the insider’s holdings decreased to 1,606,408 shares, worth approximately $684.0.

As of March 01, 2021, JP Morgan has increased its “an Underweight” rating to a “Neutral” for GRPN.

Analyzing GRPN Stock Performance

On Wednesday, Groupon Inc. [NASDAQ: GRPN] plunged -8.92% to $6.84. The stock’s lowest price that day was $6.73, but it reached a high of $7.47 in the same session. During the last five days, there has been a drop of approximately -6.17%. Over the course of the year, Groupon Inc. shares have dropped approximately -20.28%. Shares of the company reached a 52-week high of $9.47 on 02/02/23 and a 52-week low of $6.73 on 03/01/23. A 50-day SMA is recorded $7.89, while a 200-day SMA reached $9.90. Nevertheless, trading volume fell to 0.84 million shares from 0.82 million shares the previous day.

Support And Resistance Levels for Groupon Inc. (GRPN)

According to the 24-hour chart, there is a support level at 6.56, which, if violated, would cause prices to drop to 6.27. In the upper region, resistance lies at 7.30. The next price resistance is at 7.75. RSI (Relative Strength Index) is 38.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 90.83%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Groupon Inc. subject to short interest?

Stocks of Groupon Inc. saw a sharp steep in short interest on Jan 30, 2023 dropping by -0.29 million shares to 4.61 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 4.9 million shares. A decline of -6.29% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.77 of the overall float, the days-to-cover ratio (short ratio) decline to 5.77.

Which companies own the most shares of Groupon Inc. (GRPN)?

According to Maple Rock Capital Partners, Inc. filings, the company currently owns 2,025,700 shares, which is about 6.66% of the total GRPN shares outstanding. With the completion of the buy transaction, Morgan Stanley & Co. LLC’s stake is now worth $13,202,933. RPD Fund Management LLC reduced a -48.40% interest valued at $12.77 million while BlackRock Fund Advisors sold a -7,348 stake. A total of -391,323 shares of Groupon Inc. were sold by The Vanguard Group, Inc. during the quarter, and 995,224 by Intrinsic Edge Capital Management. In its current portfolio, Prentice Capital Management LP holds 545,167 shares valued at $4.5 million.

In terms of Groupon Inc. share price expectations, FactSet research, analysts set an average price target of $12.50 in the next 12 months, up nearly 66.44% from the previous closing price of $7.51. Analysts anticipate Groupon Inc. stock to reach $15.00 by 2023, with the lowest price target being $10.00. In spite of this, 2 analysts ranked Groupon Inc. stock as an Overweight at the end of 2023. On June 17, 2020, DA Davidson assigned a price target of “a Buy” to the stock and reiterated coverage with a $32.


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