Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Groupon Inc shares valued at $159,150 were purchased by Harinstein Jason on Aug 08 ’24. At $10.61 per share, Harinstein Jason acquired 15,000 shares. The insider’s holdings grew to 55,658 shares worth approximately $0.6 million following the completion of this transaction.
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Also, Bass Robert J sold 4,583 shares, netting a total of over 52,017 in proceeds. Following the sale of shares at $11.35 each, the insider now holds 104,731 shares.
Before that, ROBERT BASS had added 4,583 shares to its account. In a trade valued at $52,021, the Director bought Groupon Inc shares for $11.35 each.
As published in their initiating research note from Northland Capital on July 10, 2024, Groupon Inc [GRPN] has been an Outperform and the price target has been revised to $22. Analysts at ROTH MKM started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October.
Analyzing GRPN Stock Performance
During the last five days, there has been a surge of approximately 11.31%. Over the course of the year, Groupon Inc shares have dropped approximately -15.65%. Shares of the company reached a 52-week high of $19.56 on 03/13/24 and a 52-week low of $8.96 on 10/03/24. A 50-day SMA is recorded $11.16, while a 200-day SMA reached $13.62. Nevertheless, trading volume fell to 0.97 million shares from 0.73 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 10.51, which, if violated, would cause prices to drop to 10.19. In the upper region, resistance lies at 11.05. The next price resistance is at 11.27. RSI (Relative Strength Index) is 52.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.12, which suggests the price will decrease in the coming days. Percent R is at 32.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
