Sell: Grubhub Inc. (GRUB)
From Cabot Growth Investor
Updated from Wall Street’s Best Investments 803, March 21, 2018
Grubhub Inc. (GRUB) continues to have a great story, but the stock’s action speaks for itself. Last week, GRUB imploded below its long-term 200-day line on enormous volume following earnings, and while it’s bounced a bit since, the damage is done. Maybe a few months from now the stock will shape up again, and if so, we could always reconsider it. But after a big advance during the past year, the uptrend has been broken. SOLD.
Michael Cintolo, Cabot Growth Investor, www.cabotwealth.com, 978-745-5532, October 31, 2018