Groupon Inc’s recently made public that its Interim CEO Senkypl Dusan acquired Company’s shares for reported $1.34 million on Nov 20 ’23. In the deal valued at $9.74 per share,137,946 shares were bought. As a result of this transaction, Senkypl Dusan now holds 7,040,310 shares worth roughly $78.78 million.
Then, Senkypl Dusan bought 24,803 shares, generating $235,616 in total proceeds. Upon buying the shares at $9.50, the Interim CEO now owns 6,902,364 shares.
Before that, Senkypl Dusan bought 160,595 shares. Groupon Inc shares valued at $1,490,702 were divested by the Interim CEO at a price of $9.28 per share. As a result of the transaction, Senkypl Dusan now holds 6,877,561 shares, worth roughly $76.96 million.
ROTH MKM initiated its Groupon Inc [GRPN] rating to a Buy in a research note published on October 13, 2023; the price target was $30. JP Morgan revised its rating on March 01, 2021. It rated GRPN as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of GRPN
On Friday, Groupon Inc [NASDAQ:GRPN] saw its stock fall -0.62% to $11.19. Over the last five days, the stock has lost -16.12%. Groupon Inc shares have fallen nearly -12.85% since the year began. Nevertheless, the stocks have risen 182.58% over the past one year. While a 52-week high of $19.56 was reached on 03/13/24, a 52-week low of $2.89 was recorded on 04/05/24. SMA at 50 days reached $15.74, while 200 days put it at $12.01. A total of 0.75 million shares were traded, compared to the trading of 1.91 million shares in the previous session.
Levels Of Support And Resistance For GRPN Stock
The 24-hour chart illustrates a support level at 10.96, which if violated will result in even more drops to 10.72. On the upside, there is a resistance level at 11.51. A further resistance level may holdings at 11.82. The Relative Strength Index (RSI) on the 14-day chart is 31.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.70%. Stochastics %K at 2.11% indicates the stock is a buying.
How much short interest is there in Groupon Inc?
A steep rise in short interest was recorded in Groupon Inc stocks on Mar 15, 2024, growing by 80000.0 shares to a total of 3.35 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.27 million shares. There was a rise of 2.39%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.52% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.9.
