Why Grubhub Stock Slipped 15% Last Month
Shares of Grubhub (NYSE: GRUB) fluctuated last month as investors struggled to determine what kind of effect the coronavirus outbreak would have on its business. Early on, the market seemed to think that it could be a boon as more diners stayed home and ordered takeout, but investors later ran from the stock as the restaurant industry began to implode as it was forced stop eat-in service in response to stay-at-home orders across the country.
As a result, the stock finished the month down 15%, according to data from S&P Global Market Intelligence. The chart below shows how volatile the stock was over the course of the month.
Source Fool.com
