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Should You Be Digging into GrubHub Stock?

Should You Be Digging into GrubHub Stock?

Posted On February 8, 2019 2:54 pm
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GrubHub (GRUB) is a food delivery service that also operates under the Seamless and Eat24 platforms currently servicing over 80,000 restaurants.

On Thursday the company served up its Q4 earnings report and investors initially threw the results into the garbage, sending shares down some 12% to an intraday low of $66.50.

But, once people started chewing through the numbers, they found some tasty items and shares ran back nearly unchanged. On Friday, it followed through pushing the stock back to the $85 level.

As you can see, this is the second consecutive quarter the stock gapped lower following a report. But, this time it found…

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About author

Steve Smith
Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.

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