Groupon CEO sells $5 million worth of stock

By Bobby Raines,

Shutterstock photo

Bobby Raines 01/15/2014

Eric Lefkofsky, the CEO of Groupon ( GRPN ) sold 454,166 shares of the company's common stock between Jan. 13 adn Jan. 14. At prices between $11.21 and $11.33, Lefkofsky pulled in $5,118,451 from the sale.

IK-> The technicals for GRPN ($11.11 down $0.29) are bullish with a downward trend. Recent support has been around $10.82 and recent resistance has been around $11.63. Standard & Poor's does not follow the stock. Look at the April 14/17 bear-call spread for a 25-cent credit. That's a 9.09% return and the stock has to rise 26% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on

This article appears in: Investing Options
Referenced Stocks: GRPN

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