Groupon, Inc. (GRPN): Brian Stevens , Chief Accounting Officer of Groupon, Inc. sold 10,000 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $3.50 per share for a total value of $35,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 9, 2015, Bradley A Keywell (director) sold 500,000 shares at $4.83 per share price.On Jun 24, 2015, Brian Stevens (Chief Accounting Officer) sold 9,406 shares at $5.43 per share price.Also, On May 14, 2015, Eric P Lefkofsky (director officer 10% owner (Chief Executive Offic) sold 454,166 shares at $6.75 per share price.On May 13, 2015, Sri Viswanath (Chief Technology Officer) sold 35,646 shares at $6.75 per share price.
Shares of Groupon Inc (GRPN) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.06 points or -1.68% at $3.52 with 52,09,330 shares getting traded. Post opening the session at $3.57, the shares hit an intraday low of $3.51 and an intraday high of $3.69 and the price vacillated in this range throughout the day. The company has a market cap of $2,042 M and the number of outstanding shares has been calculated to be 58,00,17,850 shares. The 52-week high of Groupon Inc is $6.22 and the 52-week low is $2.15.
Company has been under the radar of several Street Analysts.Groupon Inc is Downgraded by RBC Capital Mkts to Underperform while Lowering the Price Target of the company shares to $ 3 from a previous price target of $4 . Earlier the firm had a rating of Sector Perform on the company shares. The Rating was issued on May 2, 2016.Groupon Inc is Downgraded by UBS to Sell and the brokerage firm has set the Price Target at $3.20. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 9, 2016.
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 Company’s Local category includes deals with local merchants national merchants and local events. The Company’s 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.