GrubHub (NYSE:GRUB) – Why GrubHub’s Stock Is Trading Higher Today
Grubhub provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 300,000 local restaurants with diners in various cities.
The firm generates revenue by charging restaurants a commission based on each order amount. It also charges consumers a delivery fee for orders where the firm handles the delivery.
GrubHub’s stock was trading up 4.22% at $76.86 per share on Wednesday at the time of publication. The company has a 52-week high of $78.38 and a 52-week low of $29.35.
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