Why GrubHub Inc. Stock Jumped Today

Shares of GrubHub Inc. (NYSE: GRUB) popped today after the company reported second-quarter earnings after the close Thursday and then announced that it had agreed to buy delivery app Eat24 from Yelp Inc. (NYSE: YELP)

The stock closed up 9.2%, while Yelp shares also surged on the news.

Image source: Getty Images

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Source: Fool.com