Shares of GrubHub (NYSE:GRUB) Sees Large Outflow of Money

GrubHub (NYSE:GRUB) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($1.78 million) and the uptick to downtick ratio was 0.38. The transaction value on upticks was $1.1 million and on downticks, the transaction value was $2.87 million. The transaction value of block trades during downticks was $2.05 million. The money flow was negative ($2.05 million), indicating the traders were booking profit on the price strength. GrubHub (NYSE:GRUB) rose $1.03 at $29.76, during intraday Wednesday , a rise of 3.59% over the previous days close.


In an insider trading activity, Dewitt Adam, officer (CFO and Treasurer) of Grubhub Inc., unloaded 46,000 shares at an average price of $30.04 on June 17, 2016. The total amount of the transaction was worth $1,381,840, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 5.82% of GrubHub shares according to the proxy statements.

The company shares have dropped -9.28% from its 1 Year high price. On Jul 28, 2015, the shares registered one year high at $36.31 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $26.86 and the 200 Day Moving Average price is recorded at $24.14. GrubHub (NYSE:GRUB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.10 and $28.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.53, notching a gain of 6.27% for the day. The total traded volume was 1,852,059 . The stock had closed at $28.73 on the previous day.

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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