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Grubhub Inc: The Losing Streak Continues (GRUB)

By Nick Russo

Shares of Grubhub Inc (NYSE:GRUB) traded today at $60.75, breaking its 52-week low. This new low was reached on below average trading volume as 490,000 shares traded hands, while the average 30-day volume is approximately 3.1 million shares.

There is potential upside of 62.0% for shares of Grubhub Inc based on a current price of $61.80 and an average consensus analyst price target of $100.10. The stock should find initial resistance at its 50-day moving average (MA) of $69.20 and further resistance at its 200-day MA of $93.59.

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.

In the past 52 weeks, shares of Grubhub Inc have traded between the current low of $60.75 and a high of $149.35 and are now at $61.80. The 200-day and 50-day moving averages have moved 1.45% lower and 1.87% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Grubhub Inc and will alert subscribers who have GRUB in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows grubhub inc

Ticker(s): GRUB