Company Shares of GrubHub (NYSE:GRUB) Rally 4.19%

GrubHub (NYSE:GRUB) : Traders are bullish on GrubHub (NYSE:GRUB) as it has outperformed the S&P 500 by a wide margin of 12.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.87%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.19% in the last 1 week, and is up 14.54% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have dropped -0.28% from its 1 Year high price. On Jul 28, 2015, the shares registered one year high at $36.31 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $28.34 and the 200 Day Moving Average price is recorded at $24.52.

The stock has recorded a 20-day Moving Average of 8.16% and the 50-Day Moving Average is 18.54%.


GrubHub (NYSE:GRUB): stock turned positive on Friday. Though the stock opened at $31.76, the bulls momentum made the stock top out at $32.12 level for the day. The stock recorded a low of $31.15 and closed the trading day at $32.06, in the green by 3.15%. The total traded volume for the day was 1,420,698. The stock had closed at $31.08 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (CEO and President) of Grubhub Inc., Maloney Matthew M. had sold 14,491 shares worth of $438,063 in a transaction dated July 5, 2016. In this transaction, 14,491 shares were sold at $30.23 per share.

GrubHub Inc. is an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 30,000 local restaurants with diners in more than 800 cities across the United States. The Companys target market is primarily composed of independent restaurants. The Company provides diners on the platform with a personalized platform that helps them search for local restaurants and then place an order from an Internet-connected device. It also provides diners with information about their orders and status. In addition, the Company enables re-ordering by storing previous orders, preferences and payment information. The Companys products include GrubHub and seamless Websites, GrubHub and seamless mobile applications and mobile Website, seamless corporate program, allmenus and menupages, orderhub and boost, restaurant Websites and delivery.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *