GrubHub (GRUB) has been under a strong bear grip, hence the stock is down -1.22% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.86% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.51% in the last 1 week, and is up 5.45% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
GrubHub (NYSE:GRUB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.89 and $30.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.74, notching a gain of 2.59% for the day. The total traded volume was 1,410,977 . The stock had closed at $30.94 on the previous day.
The stock has recorded a 20-day Moving Average of 4.05% and the 50-Day Moving Average is 12.77%. GrubHub Inc. is up 17.6% in the last 3-month period. Year-to-Date the stock performance stands at 31.16%.
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.