OLO - Waitr Holdings continues rally as trading volumes rise
Waitr Holdings (WTRH +16.1%) shares continue to surge as retail investors take note of the online food delivery platform. Trading volume for the stock has reached 61M, up from an average of 11M. The stock is up 67% over the past month driven by news of a partnership with digital restaurant interface developer Olo and a 10% stake acquired by Morgan Stanley. The stock was a favorite at the start of the pandemic, but fell as the company was unable to keep up with the larger food delivery giants. Seeking Alpha's Quant Rating has remained bearish on the stock since the beginning of March.
For further details see:
Waitr Holdings continues rally as trading volumes rise