Why Just Eat Takeaway.com Defied the Tech Sell-Off This Week
Shares of Just Eat Takeaway.com (NASDAQ: GRUB) defied the tech sell-off this week, rising about 8.4% on the week as of 1:50 p.m. ET on Friday.
How did the online food delivery platform accomplish this feat, when so many other profitless tech stocks continued to drop? The company reported some preliminary order and gross transaction value (GTV) numbers for the fourth quarter and full year on Wednesday, and those results were better than expected. That was enough for investors to begin buying, as the stock had been cut in half over the past year.
Image source: Getty Images.
Source Fool.com
