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Groupon Inc [GRPN] Insider Activity: An Update for Investors

Groupon Inc’s recent filing unveils 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 $0.52 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 Friday, Groupon Inc [NASDAQ:GRPN] saw its stock jump 1.30% to $9.32. Over the last five days, the stock has gained 14.78%. Groupon Inc shares have fallen nearly -27.41% since the year began. Nevertheless, the stocks have fallen -7.54% over the past one year. While a 52-week high of $19.56 was reached on 03/13/24, a 52-week low of $7.75 was recorded on 11/13/24. SMA at 50 days reached $10.25, while 200 days put it at $13.31.

Levels Of Support And Resistance For GRPN Stock

The 24-hour chart illustrates a support level at 9.10, which if violated will result in even more drops to 8.88. On the upside, there is a resistance level at 9.60. A further resistance level may holdings at 9.88. The Relative Strength Index (RSI) on the 14-day chart is 45.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.52%. Stochastics %K at 30.80% indicates the stock is a holding.

How much short interest is there in Groupon Inc?

A steep rise in short interest was recorded in Groupon Inc stocks on 2024-10-31, growing by 0.63 million shares to a total of 9.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.68 million shares. There was a rise of 6.75%, which implies that there is a positive sentiment for the stock.

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