Why Groupon Stock Popped 5% This Morning
Shares of e-coupon hawker Groupon (NASDAQ: GRPN) surged more than 5% in early trading Tuesday before falling back to about a 3.2% gain as of 11:50 a.m. EDT. You can probably thank company co-founder and chairman Eric Lefkofsky for that.
Last night, after close of trading, Groupon filed a Form 4 with the SEC notifying it that on June 18, Lefkofsky spent $5.4 million to purchase a total of 250,000 shares of Groupon common stock.
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