GrubHub (GRUB) : Traders are bullish on GrubHub (GRUB) as it has outperformed the S&P 500 by a wide margin of 7.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.75%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.28% in the last 1 week, and is up 6.99% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.39% and the 50-Day Moving Average is 19.23%.The 200 Day SMA reached 54.66%. GrubHub Inc. is up 44.65% in the last 3-month period. Year-to-Date the stock performance stands at 71.36%.
GrubHub (NYSE:GRUB): After opening at $41.36, the stock dipped to an intraday low of $41.09 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $41.97 and the buying power remained strong till the end. The stock closed at $41.47 for the day, a gain of 1.00% for the day session. The total traded volume was 850,164. The stocks close on the previous trading day was $41.06.
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.