Why Grubhub Stock Slipped 15% Last Month [The Motley Fool]
Just Eat Takeaway.com N.V. - American Depositary Shares (GRUB)
Last just eat takeaway.com n.v. - american depositary shares earnings: 2/5 04:05 pm
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Source: The Motley Fool
Jeremy Bowman(TMFHobo)Author BioFool since 0. I write about consumer goods, the big picture, and whatever else piques my interest. Follow me on to see my latest articles, and for commentary on hot topics in retail and the broad market.Follow @tmfbowmanWhat happenedShares ofGrubhubNYSE:GRUBrestaurant industryAs a result, the stock finished the month down %, according to data from Global Market Intelligence^SPXYChartsSo whatGrubhub shares actually gained in the first week of March after the company expanded delivery service withDunkinImage source: Grubhub.However, the following week the stock crashed as the full force of the pandemic came into focus, with schools closing across the country and businesses telling workers to stay at home, effectively taking away lunch orders in commercial districts. Realizing that the entire restaurant industry was on the verge of a catastrophe, Grubhub said on March that it would suspend fees for independent restaurants, helping to support eateries tha
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