Will The Rally Continue? Waitr Holdings Inc (NASDAQ:WTRH)

Waitr Holdings Inc (NASDAQ:WTRH) stock is trading with mild gains on Tuesday.

WTRH Issues Important Updates

Waitr Extends Partnership With Iconic NFL Star Drew Brees

  • announced a new partnership with New Orleans Saints quarterback Drew Brees. The new collaboration is a return engagement for both partners, as Brees was an original investor in Waitr in 2017.
  • Founded in Louisiana and delivering food to all the major cities in the Bayou state, Waitr is a natural fit with Brees due to his long and illustrious career in New Orleans and his outstanding business acumen. In addition to appearing in television commercials as a Waitr “driver”, Brees took part in several initiatives in helping the local Waitr communities, including the company’s Share Thanksgiving program. It helped feed families in need by providing and delivering thousands of free Thanksgiving meals during the holiday week.
  • With Waitr, Brees will continue his exemplary work strengthening ties with local communities. Waitr has been very active with community engagement and relief programs, especially with the nationwide pandemic and the devastating hurricanes affecting many of its markets over the past year.
  •  Brees will also boost Waitr’s relationship with its restaurant partners, as he’s heavily involved in a number of successful restaurants. He is an investor in the sports-themed Walk-Ons Bistreaux & Bar a burger joint named Smalls Sliders as well as many Dunkin’ Donuts locations throughout Louisiana. He also co-owns several local Jimmy John’s sandwich franchises.

Market Action           

In the opening trade, WTRH stock gained by 2.24% at $2.02 The stock has traded 208K shares, compared to its average volume of 2.92 million shares.  The stock opened at $2.06 and moved in a range of $1.9600 – 2.0350.

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