GrubHub (GRUB) has risen sharply, recording gains of 29.3% in the past 4 weeks. However, the stock has corrected -0.59% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 27.98% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 9.62% and the 50-Day Moving Average is 20.89%. GrubHub (NYSE:GRUB): On Fridays trading session , Opening price of the stock was $38.51 with an intraday high of $38.76. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $38.185. However, the stock managed to close at $38.53, a loss of 0.18% for the day. On the previous day, the stock had closed at $38.6. The total traded volume of the day was 1,104,447 shares.
The company Insiders own 5.82% of GrubHub shares according to the proxy statements. Also, Loop Capital initiates coverage on GrubHub (NYSE:GRUB). According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 5, 2016.
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.