Grubhub (GRUB) Jumps: Stock Rises 8.3%
Grubhub Inc. GRUB was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $61.62 to $68.50 in the past one-month time frame.
The move came following news that Amazon is shutting down its restaurant delivery services.
The company’s Zacks Consensus Estimate for the current quarter has moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Grubhub currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Grubhub Inc. Price
Grubhub Inc. price | Grubhub Inc. Quote
Investors interested in the Internet - Delivery Services industry may consider Asure Software, Inc. ASUR, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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