• Return to Headlines

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

By Nick Russo

Shares of Grubhub Inc (NYSE:GRUB) traded today at $57.28, breaking its 52-week high. Approximately 241,000 shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.

Grubhub Inc (NYSE:GRUB) defies analysts with a current price ($56.05) 14.8% above its average consensus price target of $47.75. The stock should discover initial support at its 200-day moving average (MA) of $25.35 and subsequent support at its 50-day MA of $24.57.

In the past 52 weeks, Grubhub Inc share prices have been bracketed by a low of $28.36 and a high of $57.28 and are now at $56.05, 98% above that low price. The 200-day and 50-day moving averages have moved 0.58% lower 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.

SmarTrend recommended that subscribers consider buying shares of Grubhub Inc on April 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.74. Since that recommendation, shares of Grubhub Inc have risen 36.8%. We continue to monitor GRUB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows grubhub inc

Ticker(s): GRUB