July 16, 2020, 4:56 pm EDT
2020 Actual Trade: GRUB +18% Profit
Grubhub, Inc (GRUB) operates as an online and mobile food-ordering company, which connects diners with local takeout restaurants. Definitely, it fits well into a hot stock category during COVID-19 virus pandemic because restaurants were shut down. Food delivery became essential service for people to satisfy their basic needs. Trading experience is based on following points:
- GRUB provides unique and essential service
- Strong performance from March to May
- May 12 +29% jump from outstanding volume
- Got it during shallow pullback entry June 1st at 58.62
- Smooth ride to finish line June14 and closed at 68.89 for +18% profits
