GrubHub (NYSE:GRUB) has climbed 7.43% in the past week and advanced 31.89% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 8.72% and the outperformance has advanced to 30.68% for the last 4 weeks period.
GrubHub (NYSE:GRUB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.96 and $28.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.07, notching a gain of 4.08% for the day. The total traded volume was 3,573,117 . The stock had closed at $28.89 on the previous day.
The company shares have dropped -13.42% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $36.41 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $25.90 and the 200 Day Moving Average price is recorded at $23.90.
On the companys insider trading activities,The director officer (CEO and President) of Grubhub Inc., Maloney Matthew M. sold 11,193 shares at $28 on June 10, 2016. The Insider selling transaction had a total value worth of $313,404. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Brokerage firm Monness Crespi Hardt upgrades its rating on GrubHub (NYSE:GRUB). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 6, 2016. Currently the company Insiders own 5.82% of GrubHub shares according to the proxy statements.
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.