Boston, MA 12\/17\/2013 (wallstreetpr) –\u00a0Groupon Inc (NASDAQ:GRPN) is a leading online deals company with market value at $6.92 billion. The company offers coupon deals on various retail services and it now serves 44 countries and more than 500 markets. Its daily offerings include stuff to eat, see, buy and do.<\/p>\n
Groupon Inc (NASDAQ:GRPN)\u00a0is of late transacting majority of its deals on mobile devices given that an increasing number of people are now accessing the internet on smartphones. The company also recently made a tweak in its operations by seeking to pull customers to its deals websites instead of sending them daily inbox deals.<\/p>\n
On Dec. 13, Groupon Inc (NASDAQ:GRPN)\u2019s Chief Accounting Officer Brian Stevens became the latest insider to trade the stock. He sold about 11,160 shares on the open market at an average price of $10.31 per share, thus fetching approximately $115,080.<\/p>\n
The reason for this transaction has not been disclosed but as they say in Wall Street, there is only one reason why insiders buy their company\u2019s stock and there are several reasons why insiders may choose to sell their company\u2019s stock. In this case, the market can only hope that the CAO is not unloading for some foreseen negative impact on the stock.<\/p>\n
Following the sale, the CAO now holds about 1,340 shares of GRPN.<\/p>\n
Tracking insider activity on a stock and hedge funds trading are some of the proven strategies for investors to gain insight into a stock\u2019s health. Most of investors who do this almost always outperform the market.<\/p>\n
In the recent quarter data,\u00a0Groupon Inc (NASDAQ:GRPN) delivered earnings growth but issued weak revenue figures. The company earned 2 cents per share against 1 cent consensus estimate. Its revenue was $595 million against $615 million consensus estimate. However, this revenue was up 4.7 percent compared to the corresponding quarter last year.<\/p>\n
Of late analysts have been bullish in this stock. Wells Fargo & Co (NYSE:WFC) has upgraded the stock to \u201coutperform\u201d from \u201cmarket perform\u201d in its note to investors on Dec. 11. Goldman Sachs Group Inc (NYSE:GS) has a buy tag on the stock which is its upgrade of the stock from the previous neutral rating. Generally analysts are becoming positive on this stock as it continues to beat estimates and expand its transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 12\/17\/2013 (wallstreetpr) –\u00a0Groupon Inc (NASDAQ:GRPN) is a leading online deals company with market value at $6.92 billion. The company offers coupon deals on […]<\/p>\n","protected":false},"author":15,"featured_media":13008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[3491,1865,3382,1819,416,736,833,734,1012,3415,1866,376],"stock_ticker":[],"class_list":["post-13007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-goldman-sachs-group-inc","tag-goldman-sachs-group-inc-nysegs","tag-groupon-inc","tag-groupon-inc-nasdaqgrpn","tag-grpn","tag-gs","tag-nasdaqgrpn","tag-nysegs","tag-nysewfc","tag-wells-fargo-co","tag-wells-fargo-co-nysewfc","tag-wfc","entry"],"acf":[],"yoast_head":"\n