Groupon (GRPN) : Traders are bullish on Groupon (GRPN) as it has outperformed the S&P 500 by a wide margin of 2.26% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.14%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.65% in the last 1 week, and is up 6.73% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.58% and the 50-Day Moving Average is 3.69%.
Groupon (NASDAQ:GRPN): The stock opened at $3.54 on Friday but the bulls could not build on the opening and the stock topped out at $3.57 for the day. The stock traded down to $3.47 during the day, due to lack of any buying support eventually closed down at $3.49 with a loss of -2.24% for the day. The stock had closed at $3.57 on the previous day. The total traded volume was 3,703,512 shares.
The company Insiders own 23.86% of Groupon shares according to the proxy statements. Institutional Investors own 54.7% of Groupon shares. In a related news, The Securities and Exchange Commission has divulged that Barris Peter J, director of Groupon, Inc., had unloaded 640,045 shares at an average price of $3.23 in a transaction dated on June 9, 2016. The total value of the transaction was worth $2,067,345.
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.