Why Waitr Holdings Stock Is Up Big Today

Shares of food-delivery service Waitr Holdings (NASDAQ: WTRH) were absolutely on fire Thursday, and no one seems to know why. As of 12:30 p.m. EDT today, the stock was up a whopping 19%. A lot of things can move a stock, including press releases, analyst reports, corporate presentations, and even less-fundamental things like short interest in the stock. But none of these factors appear to be present today.

The outsize movement in Waitr Holdings stock today reminds me of how euphoric many investors are with returns in 2020 and how quick some are to buy stock in hot names. Optimism is so high that investors are using a lot of leverage to maximize returns, and that's a problem.

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Source Fool.com