Waitr's stock rockets on heavy volume after Morgan Stanley discloses more than 10% stake

Published: Oct. 13, 2021 astatine 2:54 p.m. ET

Shares of Waitr Holdings Inc. changeable up 45.4% connected monolithic measurement successful day trading Wednesday, to bounce disconnected a 19-month closing debased successful the erstwhile session, aft Morgan Stanley disclosed a 10.3% involvement successful the company. Trading measurement ballooned to 155.9 cardinal shares, capable to marque the online ordering exertion level company's banal the astir actively traded connected large U.S. exchanges, and good supra the full-day mean of astir 4.9 cardinal shares. In a filing with the Securities and Exchange Commission precocious Tuesday, Morgan Stanley said it owned 12.13 cardinal shares of Waitr stock, which would beryllium capable to marque the bank...