USA Today : Executives, Board members & Funds Selling GRPN Shares. /// read
Selling by Groupon insiders, like big news, is on wayJohn Shinal, Special for USA TODAY 7 a.m. EST November 3, 2013
What might all those selling insiders know about Groupon's third-quarter financial report?
Take the insider sales of Groupon recently.
During the three months ended in late October, the ratio of insider sales to purchases of Groupon shares had skyrocketed to 100-to-1.
Insiders — including executives, board members and early investors — sold a whopping 301.7 million Groupon shares during that time while buying just 3.2 million.
On Sept. 13, New Enterprise Associates, a venture capital firm that was among the first to invest in the online coupon site, unloaded an unusually large number of shares:
The 20 million-share block represented 23% of the firm's stake as of Feb. 13, when NEA filed documents with securities regulators showing ownership of 87 million Groupon shares.
first of all we already addressed this old news.The large selling was from their venture capital firm. Short-term in nature and wanting to cash out is what they do!!! I The insiders are set up on 10b-5 plans whoch means they can't control timing fo the sales especially around earnings. It means they can sell around quiet times which are resitricted under normal provisions.