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Why GrubHub Inc. Stock Popped 11% Last Month

TheMotleyFool

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Why GrubHub Inc. Stock Popped 11% Last Month

Shares of GrubHub Inc. (NYSE: GRUB) heated up again last month, as the food-delivery specialist continued gaining after posting a strong earnings report toward the end of October. Though there was little news out on the stock during November, momentum from the third-quarter earnings report and its recent acquisition of Eat24 from Yelp, along with a strategic partnership with the local review site kept the stock moving higher. As a result, Grubhub shares finished up 11%, according to S&P Global Market Intelligence.

The stock gained steadily over the course of the month: