Why Just Eat Takeaway Is Tumbling Today
Shares of Just Eat Takeaway.com (NASDAQ: GRUB) were tumbling 9.6% in afternoon trading Thursday after the third-party food delivery giant provided a generally upbeat business update, but also noted it may be booted from FTSE indexes when the London Stock Exchange (LSE) organization does its semi-annual review in September.
Just Eat Takeaway says it has completed its merger with Grubhub to create one of the world's largest food delivery companies. It noted combined global orders grew 37% in the second quarter, 47% coming from outside the U.S. and 14% in the U.S.
Image source: Grubhub.
Source Fool.com
