Waitr shares jump; MS filing shows 10% ownership

Waitr Holdings

13/10/2021 16:32

** Shares in Waitr Holdings  WTRH.O  up 49.4% at $1.20 as a
spike in trading volume made it the most actively traded stock
on U.S. exchanges on Wednesday after Morgan Stanley disclosure
of 10.3% ownership stake late Tuesday
    ** WTRH, an online platform connecting U.S. restaurants,
drivers and diners, had earlier hit $1.36, its highest level
since Sept. 2
    ** Trading volume was already more than 110 mln shares for
the stock which has a free float of 106.76 mln shares, according
to Refinitiv. Tuesday's full day session also showed higher than
usual trading volume with 12.3 mln shares changing hands vs the
50-DMA of 5.1 mln shares
    ** Morgan Stanley disclosed its ownership of just over 12
mln shares in WTRH as of Sept 30, in a regulatory filing that
was released after market close on Tuesday https://www.sec.gov/Archives/edgar/data/1653247/000089542121000497/WaitrHoldings.txt
    ** YTD, WTRH shares down ~56%

 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com; +1 (646) 223 6186; Reuters
Messaging: sinead.carew.thomsonreuters.com@reuters.net))