Why Waitr Holdings Stock Briefly Popped Today

Shares of Waitr Holdings (NASDAQ: WTRH) briefly popped this morning, up as much as 14% in early trading before giving up those gains. The stock is down 2% as of 1:15 p.m. EDT, after the company announced it has expanded its service team.

The regional food delivery tech company said it has hired 225 customer service and dispatch workers since January of this year. Those employees will be based in Louisiana, where Waitr is headquartered, instead of a previous plan to locate those positions, in addition to other jobs, in Mexico.

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Source Fool.com