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Why Grubhub Stock Rose 44% in the First Half of the Year

TheMotleyFool

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Why Grubhub Stock Rose 44% in the First Half of the Year

Shares of restaurant delivery marketplace Grubhub (NYSE: GRUB) jumped 44% in the first six months of the year, according to data from S&P Global Market Intelligence. A buyout offer from Uber (NYSE: UBER) and a subsequent agreement to sell itself to Just Eat Takeaway, the European food delivery giant, was the main reason for the surge.

The stock diverged from the S&P 500 in May after Uber made its offer.