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Why Grubhub Stock Was Up 17% Last Month

TheMotleyFool

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Shares of Grubhub (NYSE: GRUB) were up by double digits last month as the stock caught a tailwind from broader gains in the market and investors struggled to assess the impact of the coronavirus pandemic on the food delivery specialist. As became clear over the course of the month, there were both positive and negative effects on its business from the pandemic.

The stock finished the month up 17%, according to data from S&P Global Market Intelligence, though it whipsawed for much of April, as the chart below shows.