GrubHub Inc. (GRUB) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on the company’s announcement of record fourth-quarter and year-end earnings as well as two acquisition news. This led to solid volume with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $34.43 to $38.25 in the past one-month time frame.
The company has seen no estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for GrubHub. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
GrubHub currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the same industry is Asure Software, Inc. (ASUR), holding a Zacks Rank #2 (Buy).
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