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Grubhub Inc: 52-Week High Recently Eclipsed (GRUB)

By David Diaz

Grubhub Inc (NYSE:GRUB) traded today at a new 52-week high of $139.95. Approximately 865,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.

In the past 52 weeks, shares of Grubhub Inc have traded between a low of $44.80 and a high of $139.95 and are now at $139.24, which is 211% above that low price. The 200-day and 50-day moving averages have moved 1.13% higher and 0.85% higher over the past week, respectively.

GrubHub, Inc. operates an online and mobile platform for restaurant pick-up and delivery orders. The Company's platform assists diners in searching for local restaurant, tracking the order, and re-order for convenience. The Company operates within the United States and the United Kingdom.

Grubhub Inc (NYSE:GRUB) defies analysts with a current price ($139.24) 28.1% above its average consensus price target of $100.10. The stock should find initial support at its 50-day moving average (MA) of $108.63 and further support at its 200-day MA of $88.00.

SmarTrend is monitoring the recent change of momentum in Grubhub Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Grubhub Inc in search of a potential trend change.

Keywords: 52 week high/lows grubhub inc

Ticker(s): GRUB