GrubHub Stock Crashes Over 40% After Earnings Downgrades

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  • #22328
    Super Harley
    Participant

    Shares of food delivery company GrubHub collapsed over…

    [article]1795[/article]

    #22332
    ThePitBoss
    Participant

    More Downgrades for Grubhub Inc. (NYSE: $GRUB)

    Wedbush downgraded to Neutral and cut the target to $30 from $90 as competition is placing a real question mark on long-term value here.

    JMP Securities downgraded Grubhub to Market Perform from Outperform

    Stifel downgraded it to Hold from Buy.

    Goldman Sachs cut its rating to Neutral from Buy and cut its target down to $30 from $86

    #22339
    Super Harley
    Participant

    [color=green][size=5][b]GrubHub Inc Got Some Bounce Action
    NYSE: $GRUB
    35.79 USD +2.68 +8.09% After Being -5% Premarket[/b][/size][/color]

    Back From The Grave…..

    #23233
    Truman
    Participant

    [size=5][b]With Crisis Comes Opportunity

    Market Summary > GrubHub Inc
    NYSE: GRUB
    42.27 USD +5.99 (16.51%)
    [/b][/size]

    #23667
    Super Harley
    Participant

    [color=green][size=5][b]Uber Technologies Inc. has made an offer to acquire food-delivery startup Grubhub Inc., according to people familiar with the matter, Bloomberg News reports.
    [/b][/size][/color]
    The companies are in talks about a deal and could reach an agreement as soon as this month, said the people, who asked not to be identified because the matter isn’t public. Chicago-based Grubhub is valued at about $4.5 billion, while Uber has a market capitalization of about $55 billion.

    Market Summary > GrubHub Inc
    NYSE: GRUB
    56.92 USD +10.09 (21.55%)

    Market Summary > Uber Technologies Inc
    NYSE: UBER
    33.23 USD +1.56 (4.93%)
    May 12, 11:22 AM EDT

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