Investors Buy Large Volume of Groupon Put Options (GRPN)
Shares of Groupon (NASDAQ:GRPN) were the target of unusually large options trading on Tuesday. Stock traders acquired 11,481 put options on the stock, American Banking & Market News reports. This represents an increase of 105% compared to the average daily volume of 5,593 put options.
In other Groupon news, SVP Jeffrey Holden unloaded 10,000 shares of Groupon stock on the open market in a transaction dated Monday, February 3rd. The shares were sold at an average price of $10.63, for a total transaction of $106,300.00. Following the sale, the senior vice president now directly owns 295,973 shares in the company, valued at approximately $3,146,193. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
GRPN has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. reiterated a “positive” rating on shares of Groupon in a research note on Tuesday, January 28th. Separately, analysts at Sterne Agee reiterated an “outperform” rating on shares of Groupon in a research note on Friday, January 3rd. They now have a $11.85 price target on the stock, down previously from $12.00. Finally, analysts at Northland Securities raised their price target on shares of Groupon from $13.00 to $15.00 in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.02.
Groupon (NASDAQ:GRPN) traded down 6.14% during mid-day trading on Tuesday, hitting $10.40. 41,138,500 shares of the company’s stock traded hands. Groupon has a 52-week low of $4.24 and a 52-week high of $12.76. The stock’s 50-day moving average is $11. and its 200-day moving average is $10.48. The company’s market cap is $6.948 billion.
Groupon, Inc offers online retail services. The Company provides daily deal on the stuff to do, eat, see and buy in more than 500 markets in 44 countries.
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