The director of Groupon Inc (NASDAQ:GRPN) 6.59 -0.02 -0.30% , Bradley Keywell, has just sold - 500,000 shares of the company he's managing - coming to a total trade of $3,340,000 U.S Dollars (this based on avg stock price of $6.7).
On Wednesday, June 3, Bernard Silverstone, Ford Motor Company group vice president and Ford Motor Credit Company chairman and chief executive officer, will take part in the Deutsche Bank Global Industrials and Basic Materials Conference in Chicago.
In a sell-side report published Wednesday, Credit Suisse reiterated Neutral rating on Groupon Inc (NASDAQ:GRPN) stock, and a price objective of $8, following the company's first quarter of fiscal year 2015 (1QFY15) earnings release.
Revenue was only up 3% on a year-over-year basis, and, worse, Groupon lowered its second-quarter revenue forecast to somewhere between $720 million and $750 million, versus average estimates of $827 million.
GRPN's most active option by far is the weekly 5/8 7-strike call, where 3,355 contracts are on the tape. It's possible traders are buying fresh positions here, expecting the shares to extend their lead atop the $7 level through the close on Friday, May ...