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- Waitr Holdings (NASDAQ:WTRH) rockets higher after Morgan Stanley (NYSE:MS) discloses a 10.3% stake in the on-demand food ordering and delivery platform.
- Morgan Stanley beneficially owns 12.13M shares of WTRH, per the 13G filing.
- Shares of WTRH are up 45.98% premarket to $1.17 vs. the 52-week trading range of $0.80 to $4.57. Waitr (WTRH) was an early pandemic favorite with investors, but the company's sales and profit failed to match expectations.
- Read the last Waitr Holdings (WTRH) earnings call transcript to see what value MS sees in the online food platform.