Stocks of Groupon (NASDAQ:GRPN) rallied by 2.51% during the past week but lost 5.22% on a 4-week basis. The company has outperformed the S&P 500 by 3.74% in the past week but underperformed the index by 6.08% in the last 4 weeks.
Groupon (NASDAQ:GRPN): The stock opened at $3.30 on Friday but the bulls could not build on the opening and the stock topped out at $3.35 for the day. The stock traded down to $3.27 during the day, due to lack of any buying support eventually closed down at $3.27 with a loss of -0.61% for the day. The stock had closed at $3.29 on the previous day. The total traded volume was 6,355,754 shares.
The company shares have dropped -39.89% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $5.48 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $3.41 and the 200 Day Moving Average price is recorded at $3.52.
On the companys insider trading activities,The director of Groupon, Inc., Barris Peter J sold 640,045 shares at $3.23 on June 9, 2016. The Insider selling transaction had a total value worth of $2,067,345. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. RBC Capital downgrades its view on Groupon (NASDAQ:GRPN) according to the research report released by the firm to its investors. The shares have now been rated Underperform by the stock experts at the ratings house. Earlier, the shares had a rating of Sector Perform. RBC Capital lowers the price target from $4 per share to $3 per share on Groupon . The rating by the firm was issued on May 2, 2016. Currently the company Insiders own 20.37% of Groupon shares according to the proxy statements. Institutional Investors own 54.7% of Groupon shares.
Groupon, Inc. operates online local commerce marketplaces world over that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, the Middle East and Africa, and international operations (Rest of World). The Company offers deals on goods and services in three categories: Local Deals (Local), Groupon Goods (Goods) and Groupon Getaways (Travel). The Companys Local category includes deals with local merchants, national merchants and local events. The Companys Goods transactions in North America are primarily direct revenue deals. Through its Getaways category, the Company features travel offers at both discounted and market rates, including hotels, airfare and package deals covering both domestic and international travel. Its deal offerings are accessed directly through its Websites, mobile applications and search engines.