GrubHub Inc. (GRUB) Plunges 8.37% on March 19

GrubHub Inc. (GRUB) Plunges 8.37% on March 19

GrubHub Inc. (GRUB) had a rough trading day for Tuesday March 19 as shares tumbled 8.37%, or a loss of $-6.45 per share, to close at $70.60. After opening the day at $77.58, shares of GrubHub Inc. traded as high as $77.83 and as low as $70.36. Volume was 5.11 million shares over 37,374 trades, against an average daily volume of 2.6 million shares and a total float of 91 million.

As a result of the decline, GrubHub Inc. now has a market cap of $6.42 billion.

The stock has a P/E Ratio of 90.6.

GrubHub Inc founded in 2004, provides an online takeout food platform for consumers, or diners, and restaurants. 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 has over 50,000 restaurant partners.

GrubHub Inc. is based out of Chicago, IL and has some 2,722 employees. Its CEO is Matthew M. Maloney.

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