GRUB - Hot Stocks: GRUB takeover speculation; LAZY gets bid; LZ rallies on earnings; AVO plunges
M&A headlines and earnings news provided crucial catalysts during Friday's midday trading. Just Eat Takeaway.com (NASDAQ:GRUB) spiked during intraday action amid speculation that the firm might be looking for a takeover suitor. Meanwhile, Lazydays Holdings (NASDAQ:LAZY) rallied on its own merger-related news. The stock expanded its value by nearly a quarter following the receipt of a takeover offer. Turning to earnings news, LegalZoom.com (NASDAQ:LZ) jumped following the release of its quarterly results. However, a quarterly loss and a drop in sales volume for its key product prompted a decline in Mission Produce (NASDAQ:AVO). Gainers Just Eat Takeaway.com (GRUB) saw a flood of investor interest amid takeover chatter. The speculation was triggered by an item from Betaville, which said the food delivery company could be considering its strategic options with an investment banker. Fueled by hope that the firm could find a merger suiter, GRUB climbed 13% in intraday trading, coming
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Hot Stocks: GRUB takeover speculation; LAZY gets bid; LZ rallies on earnings; AVO plunges