GrubHub (GRUB) Shares are Up 2.36%

GrubHub (GRUB) : Traders are bullish on GrubHub (GRUB) as it has outperformed the S&P 500 by a wide margin of 4.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.19%, 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 2.36% in the last 1 week, and is up 3.67% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.47% and the 50-Day Moving Average is 9.79%.The 200 Day SMA reached 51.39%


GrubHub (NYSE:GRUB): After opening at $42.62, the stock dipped to an intraday low of $42.27 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $43.37 and the buying power remained strong till the end. The stock closed at $42.99 for the day, a gain of 1.61% for the day session. The total traded volume was 1,238,685. The stocks close on the previous trading day was $42.99.

GrubHub (GRUB) : The highest short term price target forecast on GrubHub (GRUB) is $48 and the lowest target price is $25. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $39.83 with a standard deviation of $6.9.

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.

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