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Why Waitr Holdings Stock Was Reaching New 2020 Highs Today

TheMotleyFool

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Why Waitr Holdings Stock Was Reaching New 2020 Highs Today

Shares of Waitr Holdings (NASDAQ: WTRH) were spiking higher on Monday morning, after the company "pre-announced" partial results for its second quarter. The stock was fluctuating wildly, up as much as 28%. But as of 11 a.m. EDT today, it was "only" up 20%.

The surprise news for Q2 is that Waitr Holdings is profitable, something elusive for many of its food-delivery peers.