Shares of GrubHub (GRUB) Drops by -7.05%

GrubHub (GRUB) : During the past 4 weeks, traders have been relatively bearish on GrubHub (GRUB), hence the stock is down -5.05% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -8.42% relative to the S&P 500. The 4-week change in the price of the stock is -0.9% and the stock has fallen -7.05% in the past 1 week. The stock has recorded a 20-day Moving Average of 1.77% and the 50-Day Moving Average is 8.21%.

GrubHub (NYSE:GRUB): The stock opened at $30.09 on Friday but the bulls could not build on the opening and the stock topped out at $30.26 for the day. The stock traded down to $29.47 during the day, due to lack of any buying support eventually closed down at $29.80 with a loss of -0.47% for the day. The stock had closed at $29.94 on the previous day. The total traded volume was 1,391,110 shares.


The company Insiders own 5.82% of GrubHub shares according to the proxy statements. In a related news, Drucker Margo, officer (SVP, Secretary, Gen Counsel) of Grubhub Inc., unloaded 5,271 shares at an average price of $29.88 on July 15, 2016. The total amount of the transaction was worth $157,497, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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