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 $1,343,427 were purchased by Senkypl Dusan on Nov 20 ’23. At $9.74 per share, Senkypl Dusan acquired 137,946 shares. The insider’s holdings grew to 7,040,310 shares worth approximately $78.15 million following the completion of this transaction.
Also, Senkypl Dusan purchased 24,803 shares, netting a total of over 235,616 in proceeds. Following the buying of shares at $9.50 each, the insider now holds 6,902,364 shares.
Before that, Senkypl Dusan had added 160,595 shares to its account. In a trade valued at $1,490,702, the Interim CEO bought Groupon Inc shares for $9.28 each. Upon closing the transaction, the insider’s holdings increased to 160,595 shares, worth approximately $76.34 million.
As published in their initiating research note from ROTH MKM on October 13, 2023, Groupon Inc [GRPN] has been a Buy and the price target has been revised to $30. Earlier on March 01, 2021, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for GRPN stock which previously was a “an Underweight”.
Analyzing GRPN Stock Performance
During the last five days, there has been a drop of approximately -3.31%. Over the course of the year, Groupon Inc shares have dropped approximately -13.55%. Shares of the company reached a 52-week high of $19.56 on 03/13/24 and a 52-week low of $10.86 on 04/10/24. A 50-day SMA is recorded $15.60, while a 200-day SMA reached $12.10. Nevertheless, trading volume fell to 1.04 million shares from 1.05 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 10.82, which, if violated, would cause prices to drop to 10.54. In the upper region, resistance lies at 11.42. The next price resistance is at 11.74. RSI (Relative Strength Index) is 31.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.22, which suggests the price will decrease in the coming days. Percent R is at 94.92%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Groupon Inc subject to short interest?
Stocks of Groupon Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 80000.0 shares to 3.35 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.27 million shares. A jump of 2.39% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.9 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.9.
