Friday, September 08, 2017 10:15 PM ET
Insider at Groupon (GRPN) Makes Significant Sale of Stock
A filing with the SEC today revealed a significant insider sale of Groupon shares as — Eric P Lefkofsky, 10% Owner and Director — sold 1,500,000 shares in the company having a market value of approximately $6,585,000. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 35,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,535,000 shares and have averaged 511,667 shares per transaction over this time period.
Insider buy/sell trading at Groupon is higher than the 1 peer company average over the last 90-day period. The Internet & Mail Order Discount Stores peer group saw 2 buy/sell trades during this period for an average of 2.0 transactions per company. The number of shares per buy/sell trade for Groupon insiders was also higher. Within the peer group there were 0 shares purchased and 35,000 shares sold with company insiders selling 17,500 shares on average.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data sourced to evaluate and write this story.
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