Groupon stock soars after interim CEO buys 449,000 shares
By Stephen Nakrosis
Groupon shares (GRPN) soared in post-market trading on Wednesday following the disclosure that interim Chief Executive Officer Dusan Senkypl built on his existing stake in the company by acquiring an additional 437,500 shares
The stock rallied 10% to $12.90 per share as of 6:45 p.m. Eastern. That would top the 52-week high seen in market trading of $12.66 on Sept. 15.
Shares ended the day's regular session up 12% at $11.77.
The Chicago-based online reatailer reported the acquisition of shares by Senkypl after the session ended. Senkypl exercised options to acquire 437,500 shares at a price of $6 each. He also acquired another 11,612 by vesting some restricted stock units.
The co-founder of Pale Fire Capital, Senkypl was appointed interim CEO of Groupon in March.
Senkypl currently beneficially owns some 7 million shares of Groupon between his directly held shares and the Pale Fire shares.
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08-23-23 1849ET
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