Groupon Inc (NASDAQ:GRPN) seems to be recovering some positive sentiment on Wall Street. Short interest in the daily deals giant plunged 5.9% earlier this month, and analysts believe things could finally be looking up for it.
Groupon Inc (NASDAQ: GRPN) shares were trading lower by $0.22 (2.3 percent) at $7.39 in Monday's session. At this time, the upgrade from Wunderlich last week has failed to instigate a sustained rally in the issue.
For 2015, Groupon is focusing on improving selections across its platform and growing the search-related transactions. In the fourth-quarter, search-related transaction rose by 26% for Groupon compared to 19% in 2013. Analysts expect the growth to ...
Groupon Inc (NASDAQ:GRPN) CEO Eric P Lefkofsky offloaded 454,166 shares in an open transaction on March 13. Lefkofsky sold the stock at an average price of $7.87 per share for a total value of around $3.6 million.
Groupon Inc (NASDAQ:GRPN) management sounded positive during the MIT conference organized recently, which convinced Deutsche Bank AG (NYSE:DB) (ETR:DBK) (FRA:DB) analyst Ross Sandler to maintain a Buy rating on the company's stock.