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Why GrubHub Inc. Stock Jumped 16% Last Month

TheMotleyFool

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Why GrubHub Inc. Stock Jumped 16% Last Month

Investors were gobbling up GrubHub Inc (NYSE: GRUB) shares last month as the food-delivery specialist climbed 16% according to data from S&P Global Market Intelligence. A strong third-quarter earnings report was the key driver of its October gains.

Image source: Getty Images.

As the chart below shows, the stock surged higher after the report came out on Oct. 25.

Source: Fool.com