Groupon, an online retailer based in Chicago, experienced a significant surge in shares during post-market trading on Wednesday. The stock rose by 19% to reach $14 per share at 5:40 p.m. ET, surpassing the 52-week high observed during market hours on September 15 ($12.66). This boost in shares can be attributed to the news that interim Chief Executive Officer Dusan Senkypl increased his investment in the company by obtaining an additional 437,500 shares.
Earlier in the day, Groupon shares had already experienced a positive trend, closing the regular trading session with a 12% gain at $11.77. The company's announcement regarding Senkypl's share acquisition occurred after the trading session concluded. As part of his investment, Senkypl exercised options to acquire 437,500 shares at $6 per share and acquired an additional 11,612 shares through restricted stock units.
Dusan Senkypl, co-founder of Pale Fire Capital, assumed the role of interim CEO for Groupon in March. With his direct holdings and Pale Fire shares combined, he now beneficially owns approximately 7 million shares of Groupon.