Waitr Holdings Down 11% After Wednesday Surge, Expansion of Product Delivery
07 Julho 2022 - 4:32PM
Dow Jones News
By Josh Beckerman
Shares of food delivery company Waitr Holdings Inc. were
recently down 11% to 24 cents after rising 73% Wednesday.
The Wednesday surge followed Form 4 filings detailing higher
ownership positions for Chief Engagement Officer David Cronin and
General Counsel Thomas C. Pritchard and news that Amazon.com Inc.
agreed to add Grubhub to its Prime services in the U.S. and had an
initial option to buy a 2% Grubhub stake.
Waitr was below 22 cents during much of Thursday's trading, but
rose after it reported its "first major agreement on the delivery
of a broader range of products," an agreement with Elite EXTRA that
will include delivery of items including auto parts.
Shares of DoorDash Inc. and Uber Technologies Inc. were higher
Thursday following Wednesday declines after the Grubhub
announcement. DoorDash gained 9% to $75.31 and Uber was up 5% to
$22.60.
Grubhub is owned by Just Eat Takeaway.com NV.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
July 07, 2022 15:17 ET (19:17 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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