GrubHub just had its worst trading day ever, and there could be another 50% drop ahead, strategist warns $GRUB (via TradingNation)
Tuesday, falling more than 43% in a single trading session to a new 52-week low. It was the worst daily performance in the stock's history.
"The stock's been going down in pretty much a straight line for a year, and its weekly [relative strength] chart is the most oversold it has ever been." "Short-term players, you might be a little nimble, but longer-term guys, I'd still want to avoid the stock," he said.
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