WTRH Continues Climb with Pre-Market Surge

Posted on November 20, 2020 by Scott Shuda

The stock is up double digits in premarket trading on heavy volume — more than 600K shares. This follows news, reported here, of a large insider buy transaction by a Waitr director, Ortale Buford purchased 266,113 shares of the company at $2.75/share on Nov.16. Away from that trade, speculation on the market’s renewed interest in this food delivery company includes (i) expectations of renewed Covid lock-downs and (ii) anticipation of a buyout transaction, possibly by by Doordash, which filed to go public last week.

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