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GRPN (Groupon Inc) may reap gains as insiders became active recently

CHWY Stock

Groupon Inc’s recently made public that its Director Harinstein Jason acquired Company’s shares for reported $0.16 million on Aug 08 ’24. In the deal valued at $10.61 per share,15,000 shares were bought. As a result of this transaction, Harinstein Jason now holds 55,658 shares worth roughly $0.77 million.

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Then, Bass Robert J sold 4,583 shares, generating $52,017 in total proceeds. Upon selling the shares at $11.35, the Director now owns 104,731 shares.

Before that, ROBERT BASS bought 4,583 shares. Groupon Inc shares valued at $52,021 were divested by the Director at a price of $11.35 per share.

Northland Capital initiated its Groupon Inc [GRPN] rating to an Outperform in a research note published on July 10, 2024; the price target was $22. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating.

Price Performance Review of GRPN

On Monday, Groupon Inc [NASDAQ:GRPN] saw its stock jump 0.95% to $13.85. Over the last five days, the stock has gained 1.09%. Groupon Inc shares have risen nearly 7.87% since the year began. Nevertheless, the stocks have risen 13.71% over the past one year. While a 52-week high of $19.56 was reached on 03/13/24, a 52-week low of $8.08 was recorded on 04/22/24. SMA at 50 days reached $14.57, while 200 days put it at $13.78.

Levels Of Support And Resistance For GRPN Stock

The 24-hour chart illustrates a support level at 13.49, which if violated will result in even more drops to 13.13. On the upside, there is a resistance level at 14.05. A further resistance level may holdings at 14.26. The Relative Strength Index (RSI) on the 14-day chart is 51.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.95%. Stochastics %K at 83.00% indicates the stock is a selling.

How much short interest is there in Groupon Inc?

A steep rise in short interest was recorded in Groupon Inc stocks on 2024-07-31, growing by 2.2 million shares to a total of 7.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.55 million shares. There was a rise of 28.39%, which implies that there is a positive sentiment for the stock.

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