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Groupon Inc (GRPN) Becoming More Attractive for Investors

In a filing, Groupon Inc revealed 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 $0.64 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 Tuesday, Groupon Inc [NASDAQ:GRPN] saw its stock jump 1.41% to $11.48. Over the last five days, the stock has lost -7.94%. Groupon Inc shares have fallen nearly -10.59% since the year began. Nevertheless, the stocks have risen 0.61% 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 $10.40, while 200 days put it at $12.76.

Levels Of Support And Resistance For GRPN Stock

The 24-hour chart illustrates a support level at 11.23, which if violated will result in even more drops to 10.98. On the upside, there is a resistance level at 11.73. A further resistance level may holdings at 11.98. The Relative Strength Index (RSI) on the 14-day chart is 55.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.40%. Stochastics %K at 57.65% 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 2024-11-29, growing by 1.71 million shares to a total of 11.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.31 million shares. There was a rise of 15.52%, which implies that there is a positive sentiment for the stock.

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